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THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!

 
Anonymous Coward
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01/11/2015 10:37 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
The layoffs are accelerating out here in the oil patch...

Another 2 months of this and N. Dakota will be a ghost State...
 Quoting: Saddletramp


So not much will change except for north Dakota?

How is lower oil prices not going to boost the economy?
The Rock....
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01/11/2015 10:40 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
There is absolutely no reason this oil war or plummeting price will hurt the USA in the same way as Venezuela. In fact it will have the opposite effect for the majority of the USA other than in localities where oil and fuel is the main industry.

Low oil and fuel cost mean less cost for everything from harvesting, processing, manufacturing, delivery and more and more disposable income for the consumers of America as well. The average consumer in America who works and commutes a average of 30 miles a day to work and home now has between $50-100 more a month to spend and in a 2 income household $100-200 or more. Doesn't sound like a lot til you multiply it by a 10's of millions of workers.

This also allows the price of the goods and services we pay for to be reduced and money will dictate that through competition.

Venezuelans economy depends on oil export. Ours does not.

Having said that, we the people of the USA need to start rejecting cheap and inferior goods from china and some other countries who do not have mutual best interests in mind and begin becoming the manufacturing powerhouse the USA once was again that built the middle class's.

Unfortunately, that brings us farther away from the globalist agenda and thus will not happen.
 Quoting: The Rock... 1444309


You do realize that the Energy Sector, and supporting service industries, WAS the largest and fastest growing Manufacturing sector in the U.S. Economy...right?!?!?

In a country that has essentially exported the rest of it's manufacturing, Energy has been the ONLY bright spot in the U.S. Economy to this point...
 Quoting: Saddletramp


Most people have no idea how this all works...but they will soon..
 Quoting: OilMan


No my friend, it's you that's not thinking straight about this.

My business is in manufacturing and our business extends overseas. Not only have my costs been going down across the board, but sales here and overseas have gone up. At the current rate, I'll be hiring anywhere from 50-100 people to meet demand at an average wage of $40k per year by summer. And I'm one small business.

Stop thinking inside your box.

High oil prices are never good for any manufacturing nation which with this the USA could again become.

Right now my goods are cheaper, my shipping is cheaper, my manufacturing costs are cheaper, and that means my business is healthier and I can take more risks to expand. Also, my employees are paying half what they used to to go to work.
Saddletramp

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01/11/2015 10:40 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
There is absolutely no reason this oil war or plummeting price will hurt the USA in the same way as Venezuela. In fact it will have the opposite effect for the majority of the USA other than in localities where oil and fuel is the main industry.

Low oil and fuel cost mean less cost for everything from harvesting, processing, manufacturing, delivery and more and more disposable income for the consumers of America as well. The average consumer in America who works and commutes a average of 30 miles a day to work and home now has between $50-100 more a month to spend and in a 2 income household $100-200 or more. Doesn't sound like a lot til you multiply it by a 10's of millions of workers.

This also allows the price of the goods and services we pay for to be reduced and money will dictate that through competition.

Venezuelans economy depends on oil export. Ours does not.

Having said that, we the people of the USA need to start rejecting cheap and inferior goods from china and some other countries who do not have mutual best interests in mind and begin becoming the manufacturing powerhouse the USA once was again that built the middle class's.

Unfortunately, that brings us farther away from the globalist agenda and thus will not happen.
 Quoting: The Rock... 1444309


You do realize that the Energy Sector, and supporting service industries, WAS the largest and fastest growing Manufacturing sector in the U.S. Economy...right?!?!?

In a country that has essentially exported the rest of it's manufacturing, Energy has been the ONLY bright spot in the U.S. Economy to this point...
 Quoting: Saddletramp


You do realize that was for the benefit of less than a 10th of a percent of the USA population ... Right?

Whereas high oil/ energy prices was to our detriment.

The day the prices reflect production in the form of lower cost on the street and in all of Americas homes, you'll have a point.

High prices, on the other hand effect us all, very negatively in a very wide reaching ripple effect.
 Quoting: The Rock.... 1444309


BSFLAG

Total and Utter Horseshit...

The Energy Sector and related service industries employ more than 35 Million people in this country, well more than 15% of the U.S. Workforce...

And those numbers were as of the end of 2012 which is the latest stats I can find, it's only grown since then...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
The Rock...
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01/11/2015 10:43 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
There is absolutely no reason this oil war or plummeting price will hurt the USA in the same way as Venezuela. In fact it will have the opposite effect for the majority of the USA other than in localities where oil and fuel is the main industry.

Low oil and fuel cost mean less cost for everything from harvesting, processing, manufacturing, delivery and more and more disposable income for the consumers of America as well. The average consumer in America who works and commutes a average of 30 miles a day to work and home now has between $50-100 more a month to spend and in a 2 income household $100-200 or more. Doesn't sound like a lot til you multiply it by a 10's of millions of workers.

This also allows the price of the goods and services we pay for to be reduced and money will dictate that through competition.

Venezuelans economy depends on oil export. Ours does not.

Having said that, we the people of the USA need to start rejecting cheap and inferior goods from china and some other countries who do not have mutual best interests in mind and begin becoming the manufacturing powerhouse the USA once was again that built the middle class's.

Unfortunately, that brings us farther away from the globalist agenda and thus will not happen.
 Quoting: The Rock... 1444309



You do realize that the Energy Sector, and supporting service industries, WAS the largest and fastest growing Manufacturing sector in the U.S. Economy...right?!?!?

In a country that has essentially exported the rest of it's manufacturing, Energy has been the ONLY bright spot in the U.S. Economy to this point...
 Quoting: Saddletramp


:THISS: ac is clueless
 Quoting: No More Lies


Oh and here's another interesting factoid, Energy Sector Companies have accounted for OVER 75% of business credit expansion in the USA since 2010...
 Quoting: Saddletramp


And why is that? Is it because it's so good for the economy or the average American citizen?

Your conformational bias is showing and thus you cannot see the obvious answer.
Saddletramp

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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
The layoffs are accelerating out here in the oil patch...

Another 2 months of this and N. Dakota will be a ghost State...
 Quoting: Saddletramp


So not much will change except for north Dakota?

How is lower oil prices not going to boost the economy?
 Quoting: Anonymous Coward 7392265


Actually over 40 states in the USA have significant energy production, this generates not only jobs in these states, it generates tax revenue and credit expansion...

N. Dakota is just an example of a State that has absolutely boomed due entirely to energy production...

Last Edited by Saddletramp on 01/11/2015 10:46 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
myeyesropenow46

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01/11/2015 10:44 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Who's fault is it that an entire country put all their eggs in one basket?
myeyesropenow46
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01/11/2015 10:47 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!


We will survive!
The Rock...
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01/11/2015 10:56 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
BSFLAG

Total and Utter Horseshit...

The Energy Sector and related service industries employ more than 35 Million people in this country, well more than 15% of the U.S. Workforce...

And those numbers were as of the end of 2012 which is the latest stats I can find, it's only grown since then...
 Quoting: Saddletramp


First off, learn to read. I did not say US Workforce, I said population.

Second, you act as if all jobs in that sector will disappear. Last I checked the sky was not falling.

Third, the jobs that will be lost are minute compared to the numbers who will benefit and jobs that can be replaced/ created as a result. And once again, we're talking Avery small number of jobs in the grand scheme of things that would be lost because there is an essential amount needed in your deceptive lumped up sum for things to run, that is unless you think that industry would disappear and America will just turn off the lights and stop existing.

Currently under your job growth utopia we have record numbers in this country unemployed or underemployed and record numbers on food stamps and high energy prices are only helping to drive those numbers up.

And last, the benefit I'm talking about is for all. How many jobs have wee seen by the tens of thousands lost, due to all the high costs of goods and services in the past few years as fuel costs skyrocketed.

My god the model for what happens is in your face for the past 10 years and your blind to and arguing it.

Ridiculous .
Saddletramp

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01/11/2015 10:58 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
BSFLAG

Total and Utter Horseshit...

The Energy Sector and related service industries employ more than 35 Million people in this country, well more than 15% of the U.S. Workforce...

And those numbers were as of the end of 2012 which is the latest stats I can find, it's only grown since then...
 Quoting: Saddletramp


First off, learn to read. I did not say US Workforce, I said population.

Second, you act as if all jobs in that sector will disappear. Last I checked the sky was not falling.

Third, the jobs that will be lost are minute compared to the numbers who will benefit and jobs that can be replaced/ created as a result. And once again, we're talking Avery small number of jobs in the grand scheme of things that would be lost because there is an essential amount needed in your deceptive lumped up sum for things to run, that is unless you think that industry would disappear and America will just turn off the lights and stop existing.

Currently under your job growth utopia we have record numbers in this country unemployed or underemployed and record numbers on food stamps and high energy prices are only helping to drive those numbers up.

And last, the benefit I'm talking about is for all. How many jobs have wee seen by the tens of thousands lost, due to all the high costs of goods and services in the past few years as fuel costs skyrocketed.

My god the model for what happens is in your face for the past 10 years and your blind to and arguing it.

Ridiculous .
 Quoting: The Rock... 1444309


And you're still fucking wrong, even if you take total population (which is ridiculous because many of them are on Govt checks and not contributing in any way to the economy) it's still over 1%, not .10%...

Not to mention those energy jobs are good paying jobs, not minimum wage retail jobs, you lose those and you lose more consumer spending that you will ever gain buying bullshit manufactured in China, not to mention the credit expansion you lose, and the tax revenue...

That energy money trickles down through the entire economy, you're consumer utopia will not make up for that in any way shape or form...

You're so fucking wrong it's almost pointless to argue with you except for that fact that CNBC is also spewing this same bullshit...

Last Edited by Saddletramp on 01/11/2015 11:01 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
The Rock...
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01/11/2015 11:04 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
BSFLAG

Total and Utter Horseshit...

The Energy Sector and related service industries employ more than 35 Million people in this country, well more than 15% of the U.S. Workforce...

And those numbers were as of the end of 2012 which is the latest stats I can find, it's only grown since then...
 Quoting: Saddletramp


First off, learn to read. I did not say US Workforce, I said population.

Second, you act as if all jobs in that sector will disappear. Last I checked the sky was not falling.

Third, the jobs that will be lost are minute compared to the numbers who will benefit and jobs that can be replaced/ created as a result. And once again, we're talking Avery small number of jobs in the grand scheme of things that would be lost because there is an essential amount needed in your deceptive lumped up sum for things to run, that is unless you think that industry would disappear and America will just turn off the lights and stop existing.

Currently under your job growth utopia we have record numbers in this country unemployed or underemployed and record numbers on food stamps and high energy prices are only helping to drive those numbers up.

And last, the benefit I'm talking about is for all. How many jobs have wee seen by the tens of thousands lost, due to all the high costs of goods and services in the past few years as fuel costs skyrocketed.

My god the model for what happens is in your face for the past 10 years and your blind to and arguing it.

Ridiculous .
 Quoting: The Rock... 1444309


And you're still fucking wrong, even if you take total population (which is ridiculous because many of them are on Govt checks and not contributing in any way to the economy) it's still over 1%, not .10%...
 Quoting: Saddletramp


So we're going to argue over an embellishment now?

The bottom line is low oil and energy costs will benefit a majority of this country and open up opportunity not seen for years.

I can testify to that as a manufacturer and instead of looking for struggling to find ways to save jobs from being lost for the last 10 years, I can actually look to a future of growth and period of 25% increase in new jobs.

The number of jobs lost due to lower energy costs, pales in comparison to the opportunities created if this trends can be maintained.
Saddletramp

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01/11/2015 11:10 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
BSFLAG

Total and Utter Horseshit...

The Energy Sector and related service industries employ more than 35 Million people in this country, well more than 15% of the U.S. Workforce...

And those numbers were as of the end of 2012 which is the latest stats I can find, it's only grown since then...
 Quoting: Saddletramp


First off, learn to read. I did not say US Workforce, I said population.

Second, you act as if all jobs in that sector will disappear. Last I checked the sky was not falling.

Third, the jobs that will be lost are minute compared to the numbers who will benefit and jobs that can be replaced/ created as a result. And once again, we're talking Avery small number of jobs in the grand scheme of things that would be lost because there is an essential amount needed in your deceptive lumped up sum for things to run, that is unless you think that industry would disappear and America will just turn off the lights and stop existing.

Currently under your job growth utopia we have record numbers in this country unemployed or underemployed and record numbers on food stamps and high energy prices are only helping to drive those numbers up.

And last, the benefit I'm talking about is for all. How many jobs have wee seen by the tens of thousands lost, due to all the high costs of goods and services in the past few years as fuel costs skyrocketed.

My god the model for what happens is in your face for the past 10 years and your blind to and arguing it.

Ridiculous .
 Quoting: The Rock... 1444309


And you're still fucking wrong, even if you take total population (which is ridiculous because many of them are on Govt checks and not contributing in any way to the economy) it's still over 1%, not .10%...
 Quoting: Saddletramp


So we're going to argue over an embellishment now?

The bottom line is low oil and energy costs will benefit a majority of this country and open up opportunity not seen for years.

I can testify to that as a manufacturer and instead of looking for struggling to find ways to save jobs from being lost for the last 10 years, I can actually look to a future of growth and period of 25% increase in new jobs.

The number of jobs lost due to lower energy costs, pales in comparison to the opportunities created if this trends can be maintained.
 Quoting: The Rock... 1444309


I added this as well while you were typing your response I guess...

Not to mention those energy jobs are good paying jobs, not minimum wage retail jobs, you lose those and you lose more consumer spending that you will ever gain buying bullshit manufactured in China, not to mention the credit expansion you lose, and the tax revenue...

That energy money trickles down through the entire economy, you're consumer utopia will not make up for that in any way shape or form...

You're so fucking wrong it's almost pointless to argue with you and I wouldn't even bother except for that fact that some talking heads CNBC is also spewing this same bullshit...

Added, if we had the same manufacturing base in the USA that we had in the 1980's (the last long term major collapse in oil prices) then you would be somewhat correct, but that manufacturing base is gone, now we're all retail and service...

However, there will be some segments that benefit from lower energy prices, I'm in Agriculture, we'll benefit greatly, and any manufacturing left in the US may well benefit (depending on the type of product they manufacture), but on the whole, the U.S. Economy will suffer greatly in this day and time from this collapse in energy prices...

Last Edited by Saddletramp on 01/11/2015 11:14 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Anonymous Coward
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01/11/2015 11:11 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
All the stupid Venezuelans who supported Hugo Chavez and his follower, henchman Nicolas Maduro, have no one but themselves to blame. They brought this disaster onto their country by falling for the cheap lies and promises that a free ride was guaranteed under extreme libtardism.









`
Anonymous Coward
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01/11/2015 11:15 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
[link to www.bloomberg.com]

Coming to American cities near YOU!

hiding:Opi:hiding
 Quoting: ReefRaider


not coming to America as we are not communist with reliance on the price of oil to fund our government and economy.
The Rock....
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01/11/2015 11:18 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Not to mention those energy jobs are good paying jobs, not minimum wage retail jobs, you lose those and you lose more consumer spending that you will ever gain buying bullshit manufactured in China, not to mention the credit expansion you lose, and the tax revenue...

That energy money trickles down through the entire economy, you're consumer utopia will not make up for that in any way shape or form...

You're so fucking wrong it's almost pointless to argue with you except for that fact that CNBC is also spewing this same bullshit...
 Quoting: Saddletramp


Lol... You're so clueless it's funny and now getting rattled and spewing curses too. You want to suggest that I have any relationship in my attitude with cnbc now, lol.

I'm a job creating/ supplying conservative libertarian buddy. What are you again?

How many countries in the world who control and maintain as their main industry energy production have a free and prosperous population.

Take your time, I'll wait for the answer avoidance and more vitriol spew or maybe another bs flag...

Your a sky is falling socialism supporting fool and don't even know it because your blinded by selfish belief.

If energy becomes our biggest asset at high costs to our population we're fucked and will end up like all the other socialist countries who did the same.

Low energy costs for America and Americans means an real opportunity for manufacturing growth. Shut up with your buy more Chinese junk crap. I already said long ago we need to reject products from countries without our common best interest at heart.

Also, when we can produce goods at lower cost, we can compete with these countries more easily and break down the monopoly they currently hold.
No More Lies

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01/11/2015 11:18 AM

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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
[link to www.bloomberg.com]

Coming to American cities near YOU!

hidingOpihiding
 Quoting: ReefRaider


not coming to America as we are not communist with reliance on the price of oil to fund our government and economy.
 Quoting: Anonymous Coward 66910099


You're right, it's worse... we depend solely on the FED and their paper magic
rp
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01/11/2015 11:19 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
is it mot the oil industrys implication to the derivative debt 'the elephant in the room'..?
wont print our way out of that implosion (oil ind >20% exposure to junk bonds)
looks to me like this economic crisis is moving closer and closer to this as they carry on kicking the can, -with debt rising to meet it
Nexus-9

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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Why will oil prices plummeting cause this?
 Quoting: DNA11-11


Oil is traded in dollars. The cheaper oil is the less dollars a nation will receive in oil trade, the less American goods like detergent and diapers one can by with fewer dollars.
"Fiery the Angels rose, & as they rose deep thunder roll'd
Around their shores: indignant burning with the fires of Orc" - William Blake, America a Prophecy
(...also misquoted in Blade Runner by Roy Batty)

"Tempus est optimus iudex" - "Time is the best judge"

"The very word "'secrecy'" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings." - John F. Kennedy, New York City, April 27, 1961
Saddletramp

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01/11/2015 11:26 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Not to mention those energy jobs are good paying jobs, not minimum wage retail jobs, you lose those and you lose more consumer spending that you will ever gain buying bullshit manufactured in China, not to mention the credit expansion you lose, and the tax revenue...

That energy money trickles down through the entire economy, you're consumer utopia will not make up for that in any way shape or form...

You're so fucking wrong it's almost pointless to argue with you except for that fact that CNBC is also spewing this same bullshit...
 Quoting: Saddletramp


Lol... You're so clueless it's funny and now getting rattled and spewing curses too. You want to suggest that I have any relationship in my attitude with cnbc now, lol.

I'm a job creating/ supplying conservative libertarian buddy. What are you again?

How many countries in the world who control and maintain as their main industry energy production have a free and prosperous population.

Take your time, I'll wait for the answer avoidance and more vitriol spew or maybe another bs flag...

Your a sky is falling socialism supporting fool and don't even know it because your blinded by selfish belief.

If energy becomes our biggest asset at high costs to our population we're fucked and will end up like all the other socialist countries who did the same.

Low energy costs for America and Americans means an real opportunity for manufacturing growth. Shut up with your buy more Chinese junk crap. I already said long ago we need to reject products from countries without our common best interest at heart.

Also, when we can produce goods at lower cost, we can compete with these countries more easily and break down the monopoly they currently hold.
 Quoting: The Rock.... 1444309


Let me tell you something Tard, this is something I learned watching the Saudi's (with the compliance of the US Govt) bust the oil boom of the 1970's...

This oil price decrease will last exactly long enough to cause havoc and destruction in our energy manufacturing and service industries, it will cause credit contraction, and collapsing tax revenue for states and counties around the country, but the minute they feel like they've inflicted enough economic damage to once again make the USA reliant on energy imports, the price will skyrocket...

It would take literally decades of these lower energy prices to rebuild the manufacturing base in the USA to 1980 levels, not a chance in hell that will happen...

You're out of your depth dude, just shut the fuck up and quit embarrassing yourself...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
The Rock....
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01/11/2015 11:27 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
That energy money trickles down through the entire economy, you're consumer utopia will not make up for that in any way shape or form...

You're so fucking wrong it's almost pointless to argue with you and I wouldn't even bother except for that fact that some talking heads CNBC is also spewing this same bullshit...

Added, if we had the same manufacturing base in the USA that we had in the 1980's (the last long term major collapse in oil prices) then you would be somewhat correct, but that manufacturing base is gone, now we're all retail and service...

However, there will be some segments that benefit from lower energy prices, I'm in Agriculture, we'll benefit greatly, and any manufacturing left in the US may well benefit (depending on the type of product they manufacture), but on the whole, the U.S. Economy will suffer greatly in this day and time from this collapse in energy prices...
 Quoting: Saddletramp


What do we have now my friend? We have the largest gap in the prosperous and those in poverty this country has ever seen. We also have a middle class slipping into poverty. Where's all that energy sector money going that's supposedly helping drive up our economy.

Who here on GLP thinks $4+ a gallon gas is good for our economy or is going to make them better off?

I'm sorry bud, your argument is laughable.

Low energy and thus production and distribution costs helps make America a land of opportunity again.

Now if we could only get the liberal progressive idiots out of the way and get America working again like the Titan it truly is.
Anonymous Coward
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01/11/2015 11:28 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
the price of oil is not determined by supply or demand it's determined by a speculative market fueled by central bank money policy
OICU812

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01/11/2015 11:30 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Lol, this is far from Venezuela. We decide who collapses. Our global control is swift. Be a team player or this can happen. Sometimes self inflicted mini collapses are orchestrated because it's faster and easier, but nothing long term will ever occur in the states. That's just the way it is. Our system is designed to be perpetual.
 Quoting: Anonymous Coward 51378642


sbus
"Oh, uh, there won't be any money, but when you die, on your deathbed, you will receive total consciousness." So I got that goin' for me, which is nice.
The Rock....
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01/11/2015 11:32 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Not to mention those energy jobs are good paying jobs, not minimum wage retail jobs, you lose those and you lose more consumer spending that you will ever gain buying bullshit manufactured in China, not to mention the credit expansion you lose, and the tax revenue...

That energy money trickles down through the entire economy, you're consumer utopia will not make up for that in any way shape or form...

You're so fucking wrong it's almost pointless to argue with you except for that fact that CNBC is also spewing this same bullshit...
 Quoting: Saddletramp


Lol... You're so clueless it's funny and now getting rattled and spewing curses too. You want to suggest that I have any relationship in my attitude with cnbc now, lol.

I'm a job creating/ supplying conservative libertarian buddy. What are you again?

How many countries in the world who control and maintain as their main industry energy production have a free and prosperous population.

Take your time, I'll wait for the answer avoidance and more vitriol spew or maybe another bs flag...

Your a sky is falling socialism supporting fool and don't even know it because your blinded by selfish belief.

If energy becomes our biggest asset at high costs to our population we're fucked and will end up like all the other socialist countries who did the same.

Low energy costs for America and Americans means an real opportunity for manufacturing growth. Shut up with your buy more Chinese junk crap. I already said long ago we need to reject products from countries without our common best interest at heart.

Also, when we can produce goods at lower cost, we can compete with these countries more easily and break down the monopoly they currently hold.
 Quoting: The Rock.... 1444309


Let me tell you something Tard, this is something I learned watching the Saudi's (with the compliance of the US Govt) bust the oil boom of the 1970's...

This oil price decrease will last exactly long enough to cause havoc and destruction in our energy manufacturing and service industries, it will cause credit contraction, and collapsing tax revenue for states and counties around the country, but the minute they feel like they've inflicted enough economic damage to once again make the USA reliant on energy imports, the price will skyrocket...

It would take literally decades of these lower energy prices to rebuild the manufacturing base in the USA to 1980 levels, not a chance in hell that will happen...

You're out of your depth dude, just shut the fuck up and quit embarrassing yourself...
 Quoting: Saddletramp



Sorry dude, telling someone they're out of their depth or calling them a "tard" lol does not win any argument except in your own mind.

Decades.... Lol.

Once again, I'm in manufacturing and effected daily by the changes in energy cost in a broad spectrum of ways. I'm looking at months to start new growth and benefitting now by the lower costs.

What are you again?

I'll wait.
Anonymous Coward
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01/11/2015 11:36 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Venezuela was a disaster LONG before the price of oil collapsed.
Digital mix guy

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01/11/2015 11:44 AM

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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
bump
Have no fear, Spock is here!!! LLAP
Saddletramp

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01/11/2015 11:47 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Not to mention those energy jobs are good paying jobs, not minimum wage retail jobs, you lose those and you lose more consumer spending that you will ever gain buying bullshit manufactured in China, not to mention the credit expansion you lose, and the tax revenue...

That energy money trickles down through the entire economy, you're consumer utopia will not make up for that in any way shape or form...

You're so fucking wrong it's almost pointless to argue with you except for that fact that CNBC is also spewing this same bullshit...
 Quoting: Saddletramp


Lol... You're so clueless it's funny and now getting rattled and spewing curses too. You want to suggest that I have any relationship in my attitude with cnbc now, lol.

I'm a job creating/ supplying conservative libertarian buddy. What are you again?

How many countries in the world who control and maintain as their main industry energy production have a free and prosperous population.

Take your time, I'll wait for the answer avoidance and more vitriol spew or maybe another bs flag...

Your a sky is falling socialism supporting fool and don't even know it because your blinded by selfish belief.

If energy becomes our biggest asset at high costs to our population we're fucked and will end up like all the other socialist countries who did the same.

Low energy costs for America and Americans means an real opportunity for manufacturing growth. Shut up with your buy more Chinese junk crap. I already said long ago we need to reject products from countries without our common best interest at heart.

Also, when we can produce goods at lower cost, we can compete with these countries more easily and break down the monopoly they currently hold.
 Quoting: The Rock.... 1444309


Let me tell you something Tard, this is something I learned watching the Saudi's (with the compliance of the US Govt) bust the oil boom of the 1970's...

This oil price decrease will last exactly long enough to cause havoc and destruction in our energy manufacturing and service industries, it will cause credit contraction, and collapsing tax revenue for states and counties around the country, but the minute they feel like they've inflicted enough economic damage to once again make the USA reliant on energy imports, the price will skyrocket...

It would take literally decades of these lower energy prices to rebuild the manufacturing base in the USA to 1980 levels, not a chance in hell that will happen...

You're out of your depth dude, just shut the fuck up and quit embarrassing yourself...
 Quoting: Saddletramp



Sorry dude, telling someone they're out of their depth or calling them a "tard" lol does not win any argument except in your own mind.

Decades.... Lol.

Once again, I'm in manufacturing and effected daily by the changes in energy cost in a broad spectrum of ways. I'm looking at months to start new growth and benefitting now by the lower costs.

What are you again?

I'll wait.
 Quoting: The Rock.... 1444309


Presently I'm a rancher, investor, and specialty real estate broker...

But my experience is 10 years as an Executive VP in charge of lending for a large regional bank in Texas, I was also a bank officer and a board member...

And yeah, the minimum wage increases over the last ten years have more than offset the savings manufacturing will receive from energy price reductions.

The ONLY way the USA competes in the Globalized scheme of things with China and Singapore is if you lower wages (which has been consistently happening) and I mean dramatically...

You say you're in manufacturing, then you know damn well your highest cost is in employee's wages and benefits...

Lower energy costs will not allow the US to compete with China and Singapore's lower cost per worker, not gonna happen unless wages collapse in the USA...

Might help your industry, your manufacturing, but on the whole it's not gonna be good for this country...

Last Edited by Saddletramp on 01/11/2015 11:51 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Anonymous Coward
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01/11/2015 11:49 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
The layoffs are accelerating out here in the oil patch...

Another 2 months of this and N. Dakota will be a ghost State...
 Quoting: Saddletramp


So not much will change except for north Dakota?

How is lower oil prices not going to boost the economy?
 Quoting: Anonymous Coward 7392265


Actually it is PA, Ohio, Oklahoma, Texas, Colorado, Wyoming, North Dakota, Texas, Mississippi, and more.

Low oil prices = low gas prices, which you are being told will boost the economy.

Yet, already the gas tax increase is being talked about, and being pushed on all media outlets.

So guess what they are fixen to do.

Liberal people are really eat up with fucking stupid.
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01/11/2015 11:52 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
What a fight ladies and gentleman.....this reporter hasn't seen this since the Thriller in Manila....this match up between by Saddletramp and the Rock is turning out to be a ferocious punch ,counterpunch smorgasbord of absolute unabashed economic verbiage that not even the great Adam Smith in his prime could have withstood. How the judges are scoring this match no one knows and this looks like this will go down to a decision at the final bell as no contender has yet to score a knockdown.

And for our audience out there just a reminder that this match is brought to you by Gillette Razors for that clean close shave, Budweiser, the King of Beers and Exxon/Mobile.

There's the bell....back to the action!
Saddletramp

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01/11/2015 11:58 AM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
What a fight ladies and gentleman.....this reporter hasn't seen this since the Thriller in Manila....this match up between by Saddletramp and the Rock is turning out to be a ferocious punch ,counterpunch smorgasbord of absolute unabashed economic verbiage that not even the great Adam Smith in his prime could have withstood. How the judges are scoring this match no one knows and this looks like this will go down to a decision at the final bell as no contender has yet to score a knockdown.

And for our audience out there just a reminder that this match is brought to you by Gillette Razors for that clean close shave, Budweiser, the King of Beers and Exxon/Mobile.

There's the bell....back to the action!
 Quoting: Anonymous Coward 66028508


Shit it was a knock out in the first round if you know anything about national or world economics, I have no doubt the lower energy cost will help "The Rock" with his manufacturing expenses...but he might want to look at who's buying his product...

I'm in Agriculture, it will help my expenses too, but now we're looking at a drop in demand for beef, even the All Natural Grass Fed beef I produce which is a niche item...

Yeah it may lower costs for manufacturers, but if they're products start sitting on the shelves they'll have to lower the price they charge for their goods...

Think about the manufacturing of oil field chemicals, pump jacks, drilling equipment, etc, etc...yes their expenses will be much lower, but who's going to buy their products now?!?!?
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
The Rock...
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01/11/2015 12:00 PM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
Presently I'm a rancher, investor, and specialty real estate broker...
 Quoting: Saddletramp


Well how bout that, we have a couple things in common...

But my experience is 10 years as an Executive VP in charge of lending for a large regional bank in Texas, I was also a bank officer and a board member...
 Quoting: Saddletramp


So in other words, you've been a part of the problem over the last 10+ years. That explains a lot.

And yeah, the minimum wage increases over the last ten years have more than offset the savings manufacturing will receive from energy price reductions.

The ONLY way the USA competes in the Globalized scheme of things with China and Singapore is if you lower wages (which has been consistently happening) and I mean dramatically...

You say your in manufacturing, then you know damn well your highest cost is in employee's wages and benefits...
 Quoting: Saddletramp



NOPE.
It's only one and it gets outdone both directly and in directly by my energy costs. Sorry.

My circumstance may be slightly unusual, but not uncommon for a true manufacturer. Employee costs (compiled), Material costs and ENERGY costs are my top 3. When energy costs are high, it's my number one expense because my material and shipping costs go up with it.

Any one goes up, someone losses their job. Any one goes down, jobs get created.

When my energy costs decrease by a dollar a unit, I can hire more workers, sell products cheaper, and I keep jobs from being taken by Chinese companies. Something I've dealt with many times.

Fortunately for me, I can compete because my customers need a quality product, something they have a hard time getting from China. Are they cheaper? You bet. Are they better? Hell no.
Anonymous Coward
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01/11/2015 12:01 PM
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Re: THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!
[link to www.bloomberg.com]

Coming to American cities near YOU!

hiding:Opi:hiding
 Quoting: ReefRaider


Maybe you taxpayers should bail them out....poor things.

cruise





GLP