If You Are PLanning To Fill The Gas Tank....

[RidgeHunter]

In the economic theory of capitalism the jobs don't disappear, they just migrate.

When millions of people pay less money at the gas pump they have more to spend on other goods and services.
Those industries and trades benefit from the increased purchasing power of the consumer and then add on new jobs and contracts.

The ecomonic theory of capitalism is terribly flawed, especially as implemented in the U.S. It's best when us plebes are able to exlpolit it for personal gain as best we can. Especially in Oklahoma. This states not all that appealing in the first place...take our only economic saving grace down the hole and we're just a bunch of fat drug-abusing poor people with pregnant teenagers that vote R.

Know your place. There's us and there's them. The job cuts won't affect those at the top at all.

I read an interview with Trevor Rees-Jones yesterday. He's buying like there's no tommorrow. Rich folk always benefit in times like these. He's about to make a shitton more money. Devon top brass won't be crying, either, as their employees from Texas to Edmonton pack boxes for the next few months.

Oil & gas, banking, airplanes and a service industry built aroud them. That's what we got.

Nobody is being lifted out of poverty by cheap gas.

Here I'll make everyone disagree with me whi hasn't thus far. We need higher corporate tax rates, tightened regulation in industry and finance, unions to grow again, and wage increases (including a federal minimum wage hike). I'm on the same side of the economic isle with a few of you dissenters here, I just think you're villifying the wrong people and cheering for spilled crumbs. Good paying jobs take a huge hit, the poorest of the working poor (who OSA usually has no sympathy for - see minimum wage threads) might have a few extra bucks for cigarettes, the rich stay rich or get richer. Not a lot to cheer about from where I sit.

But hey, I know a young redneck with no savings account. Fawk that guy. Let's cripple the economy because he needs a lesson in personal responsibilty.

 

[RidgeHunter]

A 24-pack of beer, a carton of cigarettes, and a bag of pork rinds?

One of my lower-income friends said he buys more weed when gas is cheap. His dealer's kid is gonna be the first in the family to go to college! LOL. Yay capitalism!

 

[JD8]

Nice cherry picking job there ACE.

Bottom line is when a consumer spends $10 instead of $40 at the pump the $30 difference doesn't just go poof and disappear.
It goes somewhere that it wouldn't have gone otherwise.

I think it's obvious...cherry picking would be posting a link to a 1% increase without reading what the report said. I just read what you posted and realized and understood the report. If you don't understand that a ~1% increase is basically flat anyways considering Christmas, then you might want to keep googling. Again, in the ATA Cheif Economist's words....per your link....

“Tonnage ended 2015 on a strong note, but it was not strong for the year as a whole,” said ATA Chief Economist Bob Costello. “With year-over-year gains averaging just 1.2% over the last four months, there was a clear deceleration in truck tonnage.

Sound awfully familiar? Sounds like what I just said local company CFOs just told our firm, or rather have been telling us for a few months. What do they know though eh?

Now you ARE correct in saying the consumer is saving money. Inventories show (as per again... your link) it's not creating a windfall in consumer products, more likely, it's going to pay off debt. However, if here in Oklahoma, if you are in some way linked to energy, then you are making less too. Could be a wash for a lot of people here locally.

 

[Hobbes]

I think it's obvious...cherry picking would be posting a link to a 1% increase without reading what the report said. I just read what you posted and realized and understood the report. If you don't understand that a ~1% increase is basically flat anyways considering Christmas, then you might want to keep googling. Again, in the ATA Cheif Economist's words....per your link....




.

And you skipped over this

and 0.1% below the all-time high of 135.8 reached in January 2015.

It says "just below the all time high" 3 times on that page, but you missed it.


I hear SUV sales are strong right now.

 

[farmerbyron]

But hey, I know a young redneck with no savings account. Fawk that guy. Let's cripple the economy because he needs a lesson in personal responsibilty.

What the hell difference does ones opinion make in crippling the economy? Are you insinuating that if we coddled them and their hardship that their industry wouldn't be crippled?

 

[JD8]

And you skipped over this


It says "just below the all time high" 3 times on that page, but you missed it.


I hear SUV sales are strong right now.

My god man, you are digging yourself in a hole, just stop. I didn't skip over it, it's not relevant LOL. JAN 2015. This is 2016...... you DO understand this?
You DO understand that the man said there was a decline throughout the end of last year? You think all those local truckers with expiring contracts can say.... but... but... a year ago.

Are you really that ignorant about Oklahoma economics to imply that SUV sales will fill a void of low oil prices? Rather will your ego just not let you admit that you tried a < 5min google search and posted it trying to argue a point, without reading what it said.

 

[Raoul Duke]

The ecomonic theory of capitalism is terribly flawed, especially as implemented in the U.S. It's best when us plebes are able to exlpolit it for personal gain as best we can. Especially in Oklahoma. This states not all that appealing in the first place...take our only economic saving grace down the hole and we're just a bunch of fat drug-abusing poor people with pregnant teenagers that vote R.

Know your place. There's us and there's them. The job cuts won't affect those at the top at all.

I read an interview with Trevor Rees-Jones yesterday. He's buying like there's no tommorrow. Rich folk always benefit in times like these. He's about to make a shitton more money. Devon top brass won't be crying, either, as their employees from Texas to Edmonton pack boxes for the next few months.

Oil & gas, banking, airplanes and a service industry built aroud them. That's what we got.

Nobody is being lifted out of poverty by cheap gas.

Here I'll make everyone disagree with me whi hasn't thus far. We need higher corporate tax rates, tightened regulation in industry and finance, unions to grow again, and wage increases (including a federal minimum wage hike). I'm on the same side of the economic isle with a few of you dissenters here, I just think you're villifying the wrong people and cheering for spilled crumbs. Good paying jobs take a huge hit, the poorest of the working poor (who OSA usually has no sympathy for - see minimum wage threads) might have a few extra bucks for cigarettes, the rich stay rich or get richer. Not a lot to cheer about from where I sit.

But hey, I know a young redneck with no savings account. Fawk that guy. Let's cripple the economy because he needs a lesson in personal responsibilty.

 

[RidgeHunter]

What the hell difference does ones opinion make in crippling the economy? Are you insinuating that if we coddled them and their hardship that their industry wouldn't be crippled?

No I'm insinuating the whole "no sympathy for rig trash with diesel debt" is a laughably myopic view of this situation. Almost as laughable as the notion low gas prices lift people out of poverty.

It's people gloating about their own personal prowess and applying personal anecdotes to something without a face. Good job, winners!

 

[Hobbes]

Are you really that ignorant about Oklahoma economics to imply that SUV sales will fill a void of low oil prices? .

I never said Oklahoma economics and you know that.
As a matter of fact I explicitly gave examples in other states, like the states where the SUVs are built.
Lose some jobs in OK but pick up some jobs in TN or wherever.

Here's another:
When gasoline gets cheaper people tend to drive more and tourism picks up.
Good for hotels, BNB, restaurants,... lots of folks will benefit. Most of them won't be in OK though.

 

[Hobbes]

Trucking companies are taking a hit...... people aren't buying products..... so they aren't moving. Yes the trucking margins are better but they're not hauling anything.

They're volume is barely under the all time high.