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The Water Cooler
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Are low oil prices helping or hurting you?
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<blockquote data-quote="Hobbes" data-source="post: 2795169" data-attributes="member: 3371"><p>I don't quite know how to tell you this. Up until now I have employed sarcasm but it seems to have gone over your head so I will be more direct.</p><p></p><p><strong>Energy companies are laying people off left and right because the worldwide production of crude oil exceeds the worldwide consumption of crude oil.</strong></p><p>There's a glut of crude oil in the market and that's why oil is half of what it was a year ago.</p><p></p><p>If we were to open up ANWR, for example, to oil production it would exacerbate the imbalance of oil supply and drive the cost down even further.</p><p></p><p>As for Gingrich, he's the speaker admitted <a href="http://www.npr.org/sections/itsallpolitics/2013/09/20/224530832/not-so-fond-memories-from-the-last-government-shutdowns" target="_blank">he shut down the government because Clinton made him exit the rear of AF1 instead of the front</a>.</p></blockquote><p></p>
[QUOTE="Hobbes, post: 2795169, member: 3371"] I don't quite know how to tell you this. Up until now I have employed sarcasm but it seems to have gone over your head so I will be more direct. [B]Energy companies are laying people off left and right because the worldwide production of crude oil exceeds the worldwide consumption of crude oil.[/B] There's a glut of crude oil in the market and that's why oil is half of what it was a year ago. If we were to open up ANWR, for example, to oil production it would exacerbate the imbalance of oil supply and drive the cost down even further. As for Gingrich, he's the speaker admitted [URL="http://www.npr.org/sections/itsallpolitics/2013/09/20/224530832/not-so-fond-memories-from-the-last-government-shutdowns"]he shut down the government because Clinton made him exit the rear of AF1 instead of the front[/URL]. [/QUOTE]
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