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

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WhiteyMacD

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I know a lot of you are economic geniuses, but if you can't see that $1.50/gal gasoline/diesel has a positive effect on the poor, you're blind. Think about a family of 4 struggling to live on $40k/year now having an additional $30/week to buy grocerices/clothes/entertainment, that's huge to that family and there are a lot of these families in Oklahoma.

High energy prices do contribute to inflation, as someone who spends a lot of time dealing with and negotiating freight rates I can tell you that the high cost of diesel has almsot tripled freight rates since 2002.....manufacturers are absorbing that additional freight expense, they are incorporating it in the the cost of goods.

Being in the industry that I'm in, I get a kick out of the oil producers crying about the cost of oil, in late 90's early 00's Oklahoma's oil was $15-$20/bb and when prices broke $25/bb these guys started tripping over their own dicks to get oil out of the ground, and then when it hit $35/bb old timers (70-80 y/o) came out of retirment and suited up to get old wells pumping again. If $35/bb was that great 10-15 years ago, $50-$60/bb should be fantastic for them now. The only trick is trying to get the market to cooperate.....oh wait.....the producers would fawk that up, by slowing production to drive the price up.....

We are using methods that cost a lot more than the methods of late 90s early 2000s.

As far as the benefit of low energy costs to the poor. You are missing the point. Sure it is helpful for them... for a brief moment, But in the over all picture it changes nothing for them. And it is likely that that $40k/year job might just go away entirely if things are too dire... specially here in Oklahoma.
 

RidgeHunter

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I know a lot of you are economic geniuses, but if you can't see that $1.50/gal gasoline/diesel has a positive effect on the poor, you're blind. Think about a family of 4 struggling to live on $40k/year now having an additional $30/week to buy grocerices/clothes/entertainment, that's huge to that family and there are a lot of these families in Oklahoma.

What the hell is a family making $40k doing with two kids?

What's a kid cost now? Quarter million minimum to age 18?

What if they had no kids and a half million in supercars in the garage? Would you feel for them?

Sounds much more irresponsible than the archtypal high-school dropout rig trash that's been discussed in this thread since page 1.

I wish I could afford a $250,000 baby. Much less two.
 

TedKennedy

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What the hell is a family making $40k doing with two kids?

What's a kid cost now? Quarter million minimum to age 18?

What if they had no kids and a half million in supercars in the garage? Would you feel for them?

Sounds much more irresponsible than the archtypal high-school dropout rig trash that's been discussed in this thread since page 1.

I wish I could afford a $250,000 baby. Much less two.

No cash needed for having kids - duh. That's what SS, WIC is for. Get with it, RH!
 

jbarnett

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I still don't understand why people get hung up on someone else's salary. I also don't get why we think its only roughnecks getting laid off. What about the IT guys, the analysts and the techs who are only making $40-50k, who are degreed?

This!
I also can't stand to hear someone complaining about how much roughnecks make, they don't even have a degree blah blah blah. I don't care what anyone else makes. I have two degrees and make less than they do but I enjoy what I do and make enough to live comfortably. For now anyway.
 

Shadowrider

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I know a lot of you are economic geniuses, but if you can't see that $1.50/gal gasoline/diesel has a positive effect on the poor, you're blind. Think about a family of 4 struggling to live on $40k/year now having an additional $30/week to buy grocerices/clothes/entertainment, that's huge to that family and there are a lot of these families in Oklahoma.

High energy prices do contribute to inflation, as someone who spends a lot of time dealing with and negotiating freight rates I can tell you that the high cost of diesel has almsot tripled freight rates since 2002.....manufacturers are absorbing that additional freight expense, they are incorporating it in the the cost of goods.

Being in the industry that I'm in, I get a kick out of the oil producers crying about the cost of oil, in late 90's early 00's Oklahoma's oil was $15-$20/bb and when prices broke $25/bb these guys started tripping over their own dicks to get oil out of the ground, and then when it hit $35/bb old timers (70-80 y/o) came out of retirment and suited up to get old wells pumping again. If $35/bb was that great 10-15 years ago, $50-$60/bb should be fantastic for them now. The only trick is trying to get the market to cooperate.....oh wait.....the producers would fawk that up, by slowing production to drive the price up.....

We are using methods that cost a lot more than the methods of late 90s early 2000s.

As far as the benefit of low energy costs to the poor. You are missing the point. Sure it is helpful for them... for a brief moment, But in the over all picture it changes nothing for them. And it is likely that that $40k/year job might just go away entirely if things are too dire... specially here in Oklahoma.

Not to mention that we have had years and years of the Fed diluting the dollar.
 

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