Sublime Opinions of the Masses (give or take a few)
https://acompletewasteofspace.com/
callmeslick wrote:
Read it and weep... 
Yes you are...Reservoir_Dog wrote:Fuck, I'm stupid.Pudfark wrote:Check yer shoes R_D...Reservoir_Dog wrote:I gotta tell you, Slick ... these pearls you're dropping have peaked my interest.
I've started doing some research and I have my portfolio manager putting something together for me to have a look at.
Initially, it passes the smell test.
Related: Forget $20 - Oil Prices At $8 Per Barrel In Canada
While low energy prices are thought to provide a boost to the global economy as consumers benefit from lower costs, there are growing signs that the dramatic collapse in oil prices – so sudden and so severe – is actually creating economic headwinds. The oil and gas industry spent $200 billion on drilling, refining, and new equipment in 2013, and the sharp cutback in spending is being felt beyond just the oil patch. Last week Wood Mackenzie estimated that $380 billion worth of oil and gas projects were scrapped by the industry.
In The New York Times on January 16, Paul Krugman explored the issue. Oil and gas companies start to have liquidity problems when oil prices crash by 70 percent in less than two years. The drop off in spending hurts broader industrial activity. Meanwhile, oil-producing countries like Saudi Arabia have to undertake painful austerity.
