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Coffee Shop
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<blockquote data-quote="Judge Sharpe" data-source="post: 1215986" data-attributes="member: 13878"><p>What is killing he gas/oil companies is reduced demand. If oil prices stay down long enough the demand will grow. We will be driving gas hogs again and the cycle will start over. The high cost of gas is one thing that has caused prices to be so high for everything. Now maybe we will see prices on produce and products drop some. The biggest problem I see is that this will shut down our own production and we will be captive to OPEC again. A side benefit is that it is driving those eco nuts crazy that we can still drive out SUVs and trucks as much as we want. Maybe if it drags on long enough some of them will die of old age and frustration. Chevrolet just announced a new all electric car. what is that going to do to the oil and gas companies when we can get by without them? </p><p>I really think that the increased demand fueled by low costs will off set the loss in revenue over the long term. In the mean time I can afford to drive into my day job and still eat. </p><p>Judge Sharpe</p></blockquote><p></p>
[QUOTE="Judge Sharpe, post: 1215986, member: 13878"] What is killing he gas/oil companies is reduced demand. If oil prices stay down long enough the demand will grow. We will be driving gas hogs again and the cycle will start over. The high cost of gas is one thing that has caused prices to be so high for everything. Now maybe we will see prices on produce and products drop some. The biggest problem I see is that this will shut down our own production and we will be captive to OPEC again. A side benefit is that it is driving those eco nuts crazy that we can still drive out SUVs and trucks as much as we want. Maybe if it drags on long enough some of them will die of old age and frustration. Chevrolet just announced a new all electric car. what is that going to do to the oil and gas companies when we can get by without them? I really think that the increased demand fueled by low costs will off set the loss in revenue over the long term. In the mean time I can afford to drive into my day job and still eat. Judge Sharpe [/QUOTE]
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