WTC.................$31.24 BRL.
www.oilprices.com

Gas Buddy is a good app to load on your phone to show you the station prices in the area your in when you need to fill up.

Always.

no the stock they have is already paid for at the higher price. They have to wait till they buy the cheaper gas to go down.

This oil going down a little maybe not to bad, dropping like this will shut down lots of companies. These companies once gone are not easy to get back up and going when price does comes back up. This can be a real bad thing if this last long enough to put the service companies out of business.

Plus #1.

Side Note: The Saudis are causing this! The started an Oil war with Russia!

Most of the country has little to no oil stocks or much in the way of a 401k, but almost all of them buy gas at least once a week. I’m not so sure this is correct.

Personally I’ve got a decent size 401k but won’t cash it out for another 30-40 years, so the market reductions and gas reductions are a win for me.

I do hate that so many jobs are affected, but you kind of know that when you get into that industry and the pay reflects it.

Oh its correct.

I think it depends on your perspective.

Stinks for me
We make frac equipment

9.8 Million jobs in the U.S. oil and gas industry and the industry makes up roughly 8 percent of the U.S. GDP. There better be an awful lot of those Smiths spending an extra $600/year to makeup for that many $100,000+ jobs(2014 average oilfield job was just over $100,000/year according to API). Tons of small towns all over the country have literally nothing going for them other than Oil and Gas. The restaurants, hotels, car dealers and grocery stores will suffer immensely, along with most other local oilfield-town businesses. On a larger scale, companies like Caterpillar, U.S. Steel, ArcelorMittal, and many banks often have downturns that follow oil and gas downturns. Wall Street and other investors who make capital available for oil and gas companies run a great chance of seeing capital accounts in default and projects not able to pay for themselves. Then many state governments lose a significant portion of their tax revenue. For example, Texas saw $94.76Billion in tax revenue in 2018, $14.03Billion of which came from the oil and gas industry. That's 15% of the state's revenue coming from one source. One source you seem to think can be replaced by you having an extra $50/month to spend on random products. Wishful thinking.

WTC.....$32.98
Gasoline......$1.110

Now is a good time to take that cruise you talked about.

You would be wrong

We had to swing the ax today, it always makes for a dismal week even though I have done it a few times over the years. I had some thank me for the work opportunity and ask me to let them know when things pick up. I had others call me a sorry SOB and some call me a racist. I let go of vendors that provided services we will do on our own now like mowing and other domestic services at our facilities. For those that think it only affects O&G guys, think again. I bet our lawn care guy will miss the $1200 a month we payed him, along with others that provided non O&G services.