{{
`${userDetail.user.displayName}${userDetail.user.cachedBungieGlobalDisplayNameCode ? `#${standardizeBungieGlobalCode(userDetail.user.cachedBungieGlobalDisplayNameCode)}` : ""}`}}
{{getUserClans()}}
1/27/2016 7:35:37 PM
1
Your entire reply ignores the central point of my statement, having a skill-set that is in high demand. You will make less if there is low demand and a high supply of people with your skill-set. That is a fact, it is not greed it is economic law. Success requires a combination of working hard and working smart, no one can artificially inflate the value of a particular skill-set, say fast food workers, if there is a high supply of people with that skill-set
English
-
Edited by JLoco11: 1/27/2016 8:02:08 PMAnd once again, your entire post is in fantasy land of having a skill set that's in high demand! Because times change. Do you pay attention the news? North Dakota went through a massive oil boom for the past 5 years, making overnight millionaires and having thousands of people flock to there for work. People made great money. Business was booming as long as oil prices were at record highs of $80 a barrel. Jobs were plentiful because oil rigging and drilling is a fine skill that takes training and years of experience to master and perfect, and plenty of top notch equipment to do it properly. Oil just dropped below $30 per barrel for the first time in 12 years. Guess which state is leading in unemployment claims for the month of January? Huh, North Dakota... who would have thought! Your whole central argument, collapses in reality. High demand, high skill only matters when the world dictates high skill and high demand. Oil was a central part of world economy for the past 20 years, and in just 6 full months, the price has sent the industry into it's own mini recession. Thousands of workers who were highly skilled, and in demand, are now looking for work elsewhere. But hey, according to you they could just pick up and move! I'm sure Silicon Valley and the demand for the most elite programmers is looking for oil drillers! Low paying jobs, will always be low paying jobs... and most likely populated by people who didn't have the chance to learn high demand skills in life compared to hard knocks survival lessons. Reality son...... use it.
-
Smart people will use this dip in oil prices as a chance to enter the market and invest in that commodity.
-
And by "smart" you mean those who are looking to get rich off of stock market gambling. Those with money to spend and burn on investing, and those that will benefit from thousands upon thousands of lost jobs. It's exactly how the housing market collapse years ago started. It's exactly how the .com era ended with a recession. It's how insurance and banking ended up causing a recession. "Smart" people risking money on the concept of an industry losing money. Are you the spokesperson for Lunacy or something?
-
Gov't involvement has its hands all over the drop in oil prices. Our oil companies are profitable at $50 oil, they are insanely profitable at 80-100$ oil. What recent deal just released an entire foreign oil producing nation's oil supply onto the international market? Oh that's right the Obama/Kerry Iran deal! There wouldn't be massive unemployment in these oil producing states if sanctions on Iran were not lifted. Combine that with laws against the U.S. Exporting oil and laws against drilling on federal land and the U.S.A. has regulated its way out of challenging OPEC for market share. Gov't involvement directly played a part in tanking the price of oil
-
Edited by JLoco11: 1/27/2016 8:26:03 PMOh lord, do you have your tinfoil hat on today? Because clearly you have no idea how global business works other than some imaginary "information" you believe to be accurate. 1) Oil prices have BEEN falling since the end 2014. The peak high of oil was June 2014, well before sanction of Iran were lifted. Clearly timelines are not your strong suit nor is actual FACT or information. 2) Since 2011, US oil production has grown 18 fold. 18 times the amount of oil we once produced, was now coming from our own supplies. 3) OPEC (a cartel which the US is not apart of), refused to lower oil production to keep prices high. You can thank King Abdullah of Saudi Arabia for not lowering oil production to the dismay of the other OPEC members (Venezuela, Iran, Ecuador & Algeria). He feared by slowing down oil, his country would slide into a recession...... which it did anyway. 4) Venezuela's damn near financial collapse under Chavez, which put more money into oil production than food necessities, caused them to overproduce oil and massively inflate prices of other imports and exports. Their food inflation alone, has caused their economic collapse of an oil market since countries will not pay their high tax import fees just to keep oil prices steady. 5) Obama administration has blocked the Keystone pipeline... an oil stream. And guess what, by blocking it, they just saved the country close to $40 billion over the next 11 years now, because the monetary gains the Koch brothers stated they would receive from oil prices, are now gone. 6) Lifting sanctions on Iran, occurred when oil prices were already $35 a barrel. They were already low to begin with, all because of the prior 5 factors. Seriously, if you're going to talk world economics with someone, please know your foot from your ass. You're not dealing with some teenage kid, although I'm starting to believe that you fall into that category judging by your incoherent lack of facts. On a side note... do you remember Obama's 2008 Vice Presidential opponent? A crazy unknown lady named Sarah Palin who seems to have profited off the spotlight? Remember her slogan of Drill Baby Drill? We did, and look at what happened. A surplus of oil that is keeping prices low and throwing the world economy into flux once again. Gas prices are nice and cheap, but a global recession is just around the corner if prices keep falling.
