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71scgc 71scgc is offline
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Join Date: Jul 2013
Location: Emerald Isle, NC
Posts: 503
It's hurting me now, and will continue to.
It's my chief source of income. If it continues, my immediate future may need a rethink.
Low pump prices are nice. I don't get coupons from the oil co.s when the price is high.
Drilling activity will slack off if it continues.
OTOH...
Low oil prices really hurt OPEC. If prices stay down, and some OPEC members refuse to cut production, it could spell the end of the cartel. All it would take is Saudi to bail.
This would be one of the greatest things that could happen in modern history, as they have been the biggest manipulators of price in most of our memories.
You might actually see the true price of oil for the first time in forever.
It would be akin to pricing the USSR out of the cold war.

None of this is guaranteed. It's just an idea I've had kickin' around in my head lately...

Carter
Old 12-15-2014, 05:17 AM
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