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The Water Cooler
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Gas Prices!
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<blockquote data-quote="nofearfactor" data-source="post: 1425573" data-attributes="member: 1535"><p>I'm in a strange place with this. And I'm sure most any one else is that gets their income from the sale of oil. I'm happy when the price of oil goes up because me and my wife make more money but then I get pissed off because we end up spending more of that money we made on expenses tied to the sale of oil in higher gasoline and other petroleum products prices,higher natural gas prices to heat our home and run our stove,hot water tank,and then on almost anything we buy that has to be transported by something that runs on fuel- groceries,goods,etc,etc. Its an endless cycle.</p><p></p><p> 75% of me and my wifes income is tied to oil: the sale of it (mine),and oil field equipment sales (hers). The price per barrel goes up so does my income via the sale of oil and my share of the profits and interest on our mineral rights. The oil companies make profits,mainly refineries,and then when they take profits and replace aging equipment then sales increase at my wifes small family run Tulsa company earning her more money in her paycheck as well as end of the year bonus's. But then our expenses increase like crazy. My wife commutes daily during the week back and forth from a small bedroom community 25 miles east of Tulsa into the city to go to work. And I travel quite alot when working as a touring musician, and then when not playing music I travel back and forth to Iowa and California checking on my partial interests in a couple of small tattoo shop businesses in both states besides helping my family with maintenance on family real estate in northern California. We both put in alot of miles on the road and high prices on gasoline and other petroleum fluids we need to maintain our vehicles with just about kill both of our budgets. Its crazy.</p></blockquote><p></p>
[QUOTE="nofearfactor, post: 1425573, member: 1535"] I'm in a strange place with this. And I'm sure most any one else is that gets their income from the sale of oil. I'm happy when the price of oil goes up because me and my wife make more money but then I get pissed off because we end up spending more of that money we made on expenses tied to the sale of oil in higher gasoline and other petroleum products prices,higher natural gas prices to heat our home and run our stove,hot water tank,and then on almost anything we buy that has to be transported by something that runs on fuel- groceries,goods,etc,etc. Its an endless cycle. 75% of me and my wifes income is tied to oil: the sale of it (mine),and oil field equipment sales (hers). The price per barrel goes up so does my income via the sale of oil and my share of the profits and interest on our mineral rights. The oil companies make profits,mainly refineries,and then when they take profits and replace aging equipment then sales increase at my wifes small family run Tulsa company earning her more money in her paycheck as well as end of the year bonus's. But then our expenses increase like crazy. My wife commutes daily during the week back and forth from a small bedroom community 25 miles east of Tulsa into the city to go to work. And I travel quite alot when working as a touring musician, and then when not playing music I travel back and forth to Iowa and California checking on my partial interests in a couple of small tattoo shop businesses in both states besides helping my family with maintenance on family real estate in northern California. We both put in alot of miles on the road and high prices on gasoline and other petroleum fluids we need to maintain our vehicles with just about kill both of our budgets. Its crazy. [/QUOTE]
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