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The Water Cooler
General Discussion
Are low oil prices helping or hurting you?
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<blockquote data-quote="dennishoddy" data-source="post: 2794983" data-attributes="member: 5412"><p>I spent 20 some years in oil related businesses, my wife has over 40 years. We know the cyclic nature of the business, and prepared.</p><p></p><p>Its amazing how many top companies don't understand the nature of the business, and continue to ride the crest at the top spending like its going to last forever. They spend like the peak is going to be the norm with new Lear Jets, etc, and hiring people like crazy to only have to lay them off and sell the jets. </p><p></p><p>Its a crazy business, anybody getting it into the future needs to live low and save high.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 2794983, member: 5412"] I spent 20 some years in oil related businesses, my wife has over 40 years. We know the cyclic nature of the business, and prepared. Its amazing how many top companies don't understand the nature of the business, and continue to ride the crest at the top spending like its going to last forever. They spend like the peak is going to be the norm with new Lear Jets, etc, and hiring people like crazy to only have to lay them off and sell the jets. Its a crazy business, anybody getting it into the future needs to live low and save high. [/QUOTE]
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Are low oil prices helping or hurting you?
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