Take your layoff now, American worker and demand much higher pay when they beg you to come back. This goes both ways.
12 replies (most recent on top)
Post how your job is going in 2016 and I will admit I was wrong.
150907, the other guy is right, you're just throwing poo at the mirror because he wasn't nice about it. Let it go, lifting the ban will boost production and employment that goes with it.
I'm not questioning whether you can sell all the lemonade you want. You just can't demand $110 a cup for it. BHI doesn't sell lemonade. They just squeeze the lemons for the people that do sell it. Those people have to cover the cost of harvesting the lemons, finding new lemon groves transporting the lemons to market, hiring salesmen to sell more. Unfortunately for ever cup of lemonade they sell, the lose 5 cents per cup. The more the sell, the more they have to borrow from Mom's purse to make change. In no part of this equation will they pay BHI more money to squeeze lemons. They will only ask BHI to squeeze more with less. Price jump on WTI is only one speculator gouging another speculator not as bright. Go read the operating layoff forums. They all understand the math far better thsn you do so, stop drinking the kool-aid and drink your own lemonade. You said yourself price goes down. Every operating company has a break even point for lemons. They are all, with the possible exception of XOM, giving away lemons at a loss. Price of gas at the pump will go down so driving fruit trucks will be cheaper.
Love the lemonade analogy. Nvr thought about it like that but its tru.
wow, we will then get rally cheap oil, thanks for flushing the market
Nailed it, 150465.
Anonymous150465 is correct. We can't refine what we pump, and it will be purchased in favor of other crudes. We will gain market share.
People are so dumb. Look guys, American oil is actually cheaper to refine in just about every importing country. It's lighter and uses less energy to refine. American refineries are built for the heavy junk oil of OPEC. This is why America imports 7-8 million barrels a day to mix with lighter American crude. The American refineries are outdated. Places like China have brand spanking new high speed/low drag refineries. The world wants lighter American crude. Even Mexico just landed a deal to import American crude because they can save money on the energy to refine. Read a book or ask questions about the industry you work in.
Try to follow. Let's say you sell the best lemonade on the market but you restrict yourself to selling only in your own neighborhood. Your opponent sells a watered-down lemonade but they have no self-imposed restrictions. They sell to whomever they want, thus own the market. They can literally manipulate the price of your lemonade with their own production. Now say, you lift your restriction and sell to everyone. You flood the market with more lemonade. The price doesn't go up. I'm afraid you missed basics in economics in grade school. Price dips immediately and stabilizes. However, you now have a market 100 times larger than your neighborhood. Price doesn't matter as much as it did. You have a steady customer base that expects their lemonade. See, increased production to fill the need of a larger audience. This means increased labor. This is quite simple. P.S. Next time, wait for the explanation before you make yourself look like a moron in your attempt to downplay something you obviously don't even understand. Derp!
Because even though exported US oil will yet glut the market even more which should normally reduce crude price even further, foreign consumers will pay a premium for US oil over that dirty OPEC stuff because it is made in Murica by Muricans! We can charge whatever we want! This is why WTI sells for so much more than Brent! Go Murica!
Please explain how lifting the export ban is going to raise the price of oil and create another drilling boom in the USA. Do you have any clue what you are talking about? Lifting the export ban will just put refiners out of business too. Should make gas price cheaper at the pump but that is about it. But you go on dreaming that exporting US oil will get your job back if that keeps you in your "happy place".
I hope so. The ban makes no sense anymore.