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I just have to say that. I live in an area that's pretty reliant on oil products.
And while I know that prices have been climbing a little bit in recent months, I have to say how glad I am that all the "oil guys" (producers, sellers, traders, etc.) have had MUCH smaller margins over the last couple years. I love the idea that they are no longer making money hand over fist, and I love that my neighbors are keeping that money.
Location: Was Midvalley Oregon; Now Eastside Seattle area
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Quote:
Originally Posted by maineguy8888
I just have to say that. I live in an area that's pretty reliant on oil products.
And while I know that prices have been climbing a little bit in recent months, I have to say how glad I am that all the "oil guys" (producers, sellers, traders, etc.) have had MUCH smaller margins over the last couple years. I love the idea that they are no longer making money hand over fist, and I love that my neighbors are keeping that money.
Sometimes, in highly volatile endeavors, one has to make huge profits to survive the lean times. The issue is that in the good times that many will spend their wealth and not save for the times like these.
If people or an entity aren't making that money, they they don't have money to spend on items in other sectors that they normally support. Eventually, everyone is affected. Some people will always make more money than others. That's life. I'm not sure why I'd hold making high profits against them unless they are doing something illegal, unethical or otherwise unsavory.
I just have to say that. I live in an area that's pretty reliant on oil products.
And while I know that prices have been climbing a little bit in recent months, I have to say how glad I am that all the "oil guys" (producers, sellers, traders, etc.) have had MUCH smaller margins over the last couple years. I love the idea that they are no longer making money hand over fist, and I love that my neighbors are keeping that money.
I'm sure the people in Venezuela agree with you. Of course, with the oil prices so low, they're only allowed electricity a couple of days a week, so they're probably not reading this. But I'm sure they agree.
And of course there are a ton of people who weren't getting filthy rich that are now out a job and have a huge truck payment on that F350 they bought the month before.
Instead of complaining about what people make, why don't you build your own business, pay yourself minimum wage despite the oversize risk you took and make sure everyone underneath you lives high on the hog before you take an extra dime? Why aren't there ever any stories like that from the people who complain about what others make?!?
If people or an entity aren't making that money, they they don't have money to spend on items in other sectors that they normally support. Eventually, everyone is affected. Some people will always make more money than others. That's life. I'm not sure why I'd hold making high profits against them unless they are doing something illegal, unethical or otherwise unsavory.
Of course they aren't doing anything illegal, unethical, or unsavory. I never said they were. I simply said that for years and years, THEY were getting tons of money from the oil business, to put in THEIR pockets.
And now, much of that money is staying in my NEIGHBOR'S pockets (where do you think that money comes from in the first place??? It comes from my neighbors who buy the products........then the money flows to NYC, Texas, Saudi, Venezuala, Boston, the Dakotas, Alberta, etc. etc. etc.)
I certainly don't expect this to last for very long, but I'm enjoying every second that the well-off oil guys (and that includes a ton of different occupations/fields) are getting much less of the pie.
I save any disdain which I MIGHT have in this matter for the speculators. Every body else who profits off oil is doing a worthy job.
I'm sure the people in Venezuela agree with you. Of course, with the oil prices so low, they're only allowed electricity a couple of days a week, so they're probably not reading this. But I'm sure they agree.
If people in Venezuala being poor means MY neighbors having a bit more disposable income (I don't live in a well-off area), then I am all for it.
Do you know how much oil money has flowed to Venezuala over the last twenty years?? (And as somewhat of an aside, how the Citgo cartel tried to insert themselves into American politics??)
Maybe the people should have done more with the money they had coming in......smarter investing, less socialism, etc. etc.
Oh, well....Venezualans should just go hit up their buddies the Kennedy family for help. I'm sure the Kennedys will be glad to help their comrades.
And of course there are a ton of people who weren't getting filthy rich that are now out a job and have a huge truck payment on that F350 they bought the month before.
Instead of complaining about what people make, why don't you build your own business, pay yourself minimum wage despite the oversize risk you took and make sure everyone underneath you lives high on the hog before you take an extra dime? Why aren't there ever any stories like that from the people who complain about what others make?!?
cd :O)
A lot of people were making crazy money-- doing blue collar work for $75,000-$100,00 a year in the oil industry. That's A LOT of money for blue collar work.
I guess that some of them have had to take a pay cut or have lost their job (but even they can go get another one that pays less. Maybe they should not have bought that $50-60,000 truck......seems a bit unwise now.)
I don't begrudge them a thing. I'm just glad that lots of that money has been staying "close to home" for the last two years.
Sometimes, in highly volatile endeavors, one has to make huge profits to survive the lean times. The issue is that in the good times that many will spend their wealth and not save for the times like these.
YMMV
Absolutely true. Some of the big oil companies actually lost money last year......the first time in DECADES. So you can't begrudge a guy for being happy about a temporary drop in oil prices.
Or do you not care about the poor and struggling, the families who need every dollar they can hang onto, to get by??
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