Oil Companies Bankruptcy.

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hurleyjd
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Oil Companies Bankruptcy.

Post by hurleyjd » Fri Jan 24, 2020 9:05 am

This is the ups and downs of the oil industry as it is with any business. It will hurt all of us eventually

https://finance.yahoo.com/news/north-am ... 43339.html



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Caustic Burno
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Re: Oil Companies Bankruptcy.

Post by Caustic Burno » Fri Jan 24, 2020 9:16 am

hurleyjd wrote:
Fri Jan 24, 2020 9:05 am
This is the ups and downs of the oil industry as it is with any business. It will hurt all of us eventually

https://finance.yahoo.com/news/north-am ... 43339.html
Absolutely nothing new the industry has been boom to bust from inception.
Just look for the brands that have been bought out or went under in the Clinton administration alone.
Money doesn’t buy happiness, but the lack does buy misery.

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sim.-ang.king
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Re: Oil Companies Bankruptcy.

Post by sim.-ang.king » Fri Jan 24, 2020 9:23 am

Caustic Burno wrote:
Fri Jan 24, 2020 9:16 am
hurleyjd wrote:
Fri Jan 24, 2020 9:05 am
This is the ups and downs of the oil industry as it is with any business. It will hurt all of us eventually

https://finance.yahoo.com/news/north-am ... 43339.html
Absolutely nothing new the industry has been boom to bust from inception.
Just look for the brands that have been bought out or went under in the Clinton administration alone.
True for any commodity based industry, including ag. Your either high on the hog, or in the poor house.
Socialism: Making everyone equally poor since 1917

Allenw
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Re: Oil Companies Bankruptcy.

Post by Allenw » Fri Jan 24, 2020 10:53 am

Drilling has slowed way down here. It's tough on people losing their jobs but that's the nature of the business.

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