Can't even stop the North Koreans from making Sony shit themselves! :lol:The B1 bomber project saved us once, we can do it again!
Can't even stop the North Koreans from making Sony shit themselves! :lol:The B1 bomber project saved us once, we can do it again!
Very well said. These lowered oil prices are also having a large impact on some of the OPEC countries. Iran for instance is very reliant on Oil. They did not want to lower oil prices being that they make up the majority of their income. Even though economic sanctions have become less strict. The contry still has work to do.Think "The Saudis are the lapdogs of the Americans in the end so whatever America wants, Saudis oblige" out.
A low price for oil puts much or all of new oil production plans in America on hold; new fracking drilling will not occur. This ends all hope of American oil production meeting all of America's demand. America as a nation is not benefiting from low oil prices; American consumers benefit, but American oil producers are being hammered by low oil prices in the same way Russia is being hammered.
The low oil prices will continue until supply begins to contract. When supply contracts, that will pull more American fracking companies back into the drilling business, which will expand supply again and prices will drop again. This will continue until OPEC blinks, that is, starts to restrict supply.
In the meantime, a lot of American oil workers jobs will begin disappearing; the new oil boom towns in the various shale areas will begin a slide into temporary ghost towns.
OPEC decided not to restrain their production. This does two main things: it hits their profits short term and it makes the American fracking drilling much less profitable, reducing supply from America in the longer term. It's not anyone's plot to damage Russia. It's OPEC's plot to reduce American production.
:govi:
Think "The Saudis are the lapdogs of the Americans in the end so whatever America wants, Saudis oblige" out.
A low price for oil puts much or all of new oil production plans in America on hold; new fracking drilling will not occur. This ends all hope of American oil production meeting all of America's demand. America as a nation is not benefiting from low oil prices; American consumers benefit, but American oil producers are being hammered by low oil prices in the same way Russia is being hammered.
The low oil prices will continue until supply begins to contract. When supply contracts, that will pull more American fracking companies back into the drilling business, which will expand supply again and prices will drop again. This will continue until OPEC blinks, that is, starts to restrict supply.
In the meantime, a lot of American oil workers jobs will begin disappearing; the new oil boom towns in the various shale areas will begin a slide into temporary ghost towns.
"Diversifying" is easy to say to yourself, but try telling it to the mayor of a Texas boom town that was pop. 6,000 in 2010 and is now pop. 40,000. That kind of growth involves so many problems to solve that diversification is probably impossible until growth slows down.
My area of pa depends on fracking, our house might very well be impossible to sell next year. I'm hoping oil prices go back up ASAP.
No, fortunately we have enough civilization to have normal utilities.You have well water?
No, fortunately we have enough civilization to have normal utilities.
Not lucky - deliberate. We refused to even look at places without real utilities. The downside is that meant no big garages, but it's looking like this place will be only a 1-1.5 year stay so it's not a big deal. I just really hope we don't end up fucked on property values because of oil prices.Consider yourself lucky out there in Fracklandia.