Thoughts from the oil patch --- $30-35 oil makes the world
livable without bankruptcies. Sub $30, thousands of good-paying
jobs vanish, companies go bk, banks get bruised badly on
non-performing, etc. $30 just seems to be the psychological
spot.
I understand all that but I am capitalist and industries die and
new ones emerge. I understand jobs will be lost in that
industry but that is the nature of life and business cycles.
Auto industry is perfect example. Darwinism.
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Thoughts from the oil patch
One rant for the day. This whole oil thing really ...
Posted by profmel on 9th of Apr 2020 at 03:07 pm
Thoughts from the oil patch --- $30-35 oil makes the world livable without bankruptcies. Sub $30, thousands of good-paying jobs vanish, companies go bk, banks get bruised badly on non-performing, etc. $30 just seems to be the psychological spot.
I understand all that but
Posted by ssaffer on 9th of Apr 2020 at 03:11 pm
I understand all that but I am capitalist and industries die and new ones emerge. I understand jobs will be lost in that industry but that is the nature of life and business cycles. Auto industry is perfect example. Darwinism.