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Old 06-08-2016, 02:23 PM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,502,540 times
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Is the BOOM back on ?


Crude Oil Futures Quotes - CME Group
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Old 06-08-2016, 02:32 PM
 
225 posts, read 520,048 times
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and not a single person was rehired
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Old 06-08-2016, 03:30 PM
 
958 posts, read 2,574,455 times
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Still maintain my "bet" that we'll see recent lows in the 20s some point in the next year or so
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Old 06-08-2016, 06:06 PM
 
Location: Houston/Austin, TX
9,899 posts, read 6,602,126 times
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Quote:
Originally Posted by right View Post
and not a single person was rehired
It's still not a bad thing that the price of oil is going up. It will take a while for employment to start increasing especially at a level that there was in 2012-2013. It'll be a while before the jobs start being given back because there is a risk before the price is steady. for now, companies will hire where it is needed, and no more, and it will slowly increase at its own rate.
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Old 06-09-2016, 05:51 AM
 
226 posts, read 306,627 times
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Not exactly the best thing as recovery will go far into 2017. For a great read, see this article from yesterday.

Headwinds For Oil - Oilpro
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Old 06-09-2016, 07:15 AM
 
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Rig count seems to have stabilized after declining for a long time (good news for me)
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Old 06-09-2016, 07:42 AM
 
670 posts, read 1,442,249 times
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$50 is a nice barrier to break through, as long as we stay above it. $60 would possibly re-start some larger CAPEX projects with the clients we work with, but as stated will take time to get rolling again.
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Old 06-09-2016, 11:36 AM
 
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It would be nice if instead of a boom, things just became sustainable.
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Old 06-09-2016, 12:10 PM
 
18,130 posts, read 25,291,852 times
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Quote:
Originally Posted by jerbear30 View Post
It would be nice if instead of a boom, things just became sustainable.
Free market = Boom and bust
Government controlled market = Sustainable growth.

A Brief History of Progressive Taxation

Spoiler
His solution to capitalism's boom-bust economic cycle is straightforward. Employ a social safety net to protect the consumer, who represent the economic health of a nation. This dampens the bottom of the cycle. Fund this with progressive taxation, which also drains money employed for reckless speculation. This dampens the top of the cycle. The US government successfully employed this system to mitigate the extreme economic fluctuations of capitalism's boom-bust economic cycle for over 40 years (1935-1979).
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Old 06-09-2016, 02:03 PM
 
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WTI will settle between $55-$65 near term late 2016 well into 2017-2018
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