Ive worked in the oilfields. Ive been on the rigs drilling the wells, I worked for The Western Company, as a mechanic ( Western = Halliburton/same as Burger King = Whataburger) & Ive plugged & abandoned wells. YOu wanna see Odessa come to a halt? If Odessa slides to a stop, so does oilfield activity all across the nation. When a barrel of oil drops, so does oilfield activity. IDK what the minimum price for oil can be & still see exploration & development. Lindsey Williams says there is more oil in Alaska than the middle east,,or maybe Saudi Arabia? Energy Non Crisis is the book,,
Heck,, dont worry about it anyway,, We are so screwed now, it doesnt really matter, Obamney, Rombama, doesnt matter which one we get, spending, wars, ridiculous laws that will hurt our economy more & more,, the direction will not change & if someone has info that would allow me to see things are getting better, I wish theyd show it to me,, cuz Im pretty convinced we are about 3/4 to 1/2 of a turn in the toilet bowl from hearing that last Gurgle as the turd disappears from view.
Interesting graph,,
http://headwaterseconomics.org/wphw/wp-content/uploads/RigCounts.pdfId stick it in here,, but I cant