Article

2016-01-16 Economy

Oil Prices Tumble Below $30, New 12-Year Lows

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Posted by Fred 2016-01-16 00:00|| || Front Page|| [8 views ] Top

#1 ....Admittedly, my 401k has taken a beating the last few days, but I'm perfectly happy to see these prices for a while yet. Let the Arabs and Persians get a good idea as to what that stuff tastes like - because they know good and well they may end up eating it.

Mike

Posted by Mike Kozlowski 2016-01-16 16:58|| 2016-01-16 16:58|| Front Page Top

#2 I imagine nations get pretty nervous when this happens to the value of their only product.

Oil

Posted by Mike N. 2016-01-16 18:14|| 2016-01-16 18:14|| Front Page Top

#3 I seem to have broken the comments somewhat. Sorry, mods.

Posted by Mike N. 2016-01-16 18:14|| 2016-01-16 18:14|| Front Page Top

#4 These prices are costing me my job. Not a big deal as I was about to retire anyway. But also costing the jobs of 40% of my co-workers, including a large number with only a few years of experience and still paying on student loans.

Posted by Glenmore 2016-01-16 19:35|| 2016-01-16 19:35|| Front Page Top

#5 Backing out inflation and these prices are more like 1995 prices.

Posted by Glenmore 2016-01-16 19:37|| 2016-01-16 19:37|| Front Page Top

#6 My company has cut our pay 30% and we've had almost 50% of our fellows laid off. They're still cutting despite the fact we can barely crew the rigs we have left.

Posted by Silentbrick 2016-01-16 19:47|| 2016-01-16 19:47|| Front Page Top

23:25 Silentbrick
22:07 Mike Kozlowski
21:37 KBK
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