tag:blogger.com,1999:blog-3901123.post8051974041273590794..comments2024-03-15T03:20:38.106-05:00Comments on Brains and Eggs: Rick Perry's Texas Miracle is leaving with himPDiddiehttp://www.blogger.com/profile/05851660342241127485noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3901123.post-81830494835942453232015-01-14T11:48:16.686-06:002015-01-14T11:48:16.686-06:00Cactus, those of us who only buy gasoline and don&...Cactus, those of us who only buy gasoline and don't depend on a bi-monthly direct deposit from XOM, Shell, and the like are of course the big winners.<br /><br />In that respect I have expected to see lower prices at the supermarket, since there's so much cost of freight built in, but that hasn't been the case as yet.<br /><br />Eventually the job cuts will trickle down on everybody as result of this commodity collapse. It's historical. Click through <a href="http://fuelfix.com/blog/2015/01/14/shell-scraps-plans-for-multi-billion-dollar-petrochemical-plant/#29569-1" rel="nofollow">the slideshow here</a> for the fastest explanation I have seen of the boom and bust cycles in Texas and the US.PDiddiehttps://www.blogger.com/profile/05851660342241127485noreply@blogger.comtag:blogger.com,1999:blog-3901123.post-89327825289540013782015-01-14T11:02:44.376-06:002015-01-14T11:02:44.376-06:00Even if I do live in DFW area the price of oil sti...Even if I do live in DFW area the price of oil still impacts me. Right at this very moment it is in a positive way. Cheap gas means I have more money to spend on other things. The negative impacts might not be felt here very much. The rest of the country is thrilled that they might get through this winter with lower heating costs. Anybody in transportation is also thrilled. What is the overall impact? <br />Nobody knows. I have heard it called a stimulus to the lower end of the class spectrum. <br /><br />The questions I have about it are whether the OPEC cartel is really going to stick together and early indications are they will do whatever they think is best for themselves. The Russians and Venezuelans cannot afford to cut back on production. The UAE wants to keep market share so they are running blue light specials. The Saudis want to see shale suffer and if by extension the can gig the Russians too with the approval of the US well..it depends on who you ask as to why this is happening. Lower demand, too much supply, squash shale, costs of getting it out of the ground for the ME vs here. Yada yada, I can find five different guys saying five different things and none of them are very convincing. The most honest reply was from some guy I read on Reuters a week or so back. "Ask me in about six months." <br /><br />just for grins here is a thread over at the Shaggybevo, which despite being at least in theory about all things Texas Longhorns, has some interesting conversations. <br /><br />Under the heading of 'Hey oil barons...."<br /><br />http://www.shaggybevo.com/board/showthread.php/151871-Hey-oil-barons....cactusflintheadhttps://www.blogger.com/profile/00092079888325842752noreply@blogger.comtag:blogger.com,1999:blog-3901123.post-73010597124359432012015-01-13T17:05:30.342-06:002015-01-13T17:05:30.342-06:00And, true that last part. Houston, since the last ...And, true that last part. Houston, since the last big crash, has remained more oil-dependent than the Metromess. Heck, some have said San Antonio might get hurt worse this time than DFW, because of how much this will hit Eagle Ford.Gadflyhttps://www.blogger.com/profile/13075757287807731373noreply@blogger.comtag:blogger.com,1999:blog-3901123.post-21588200994337541492015-01-13T09:13:08.157-06:002015-01-13T09:13:08.157-06:00Linked back to you. And, per the political angle, ...Linked back to you. And, per the political angle, added this at the end of my piece:<br /><br />"Hegar simply seems to be imitating national-level Republicans who offer up bullshit for economics on a regular basis, usually, as here, as a prelude to justifying spending cuts and tax breaks for the rich."Gadflyhttps://www.blogger.com/profile/13075757287807731373noreply@blogger.com