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With Oil at $26.00 a barrel today how will this effect all the..

With Oil at $26.00 a barrel today how will this effect all the..

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by: Cleaner Active Indicator LED Icon  OP 
~ 8 years ago   Jan 20, '16 12:22pm  
With Oil at $26.00 a barrel today how will this effect all the new development in the area??
Will all the building start to stop ??
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LivingLife Active Indicator LED Icon 10
~ 8 years ago   Jan 20, '16 12:26pm  
good question.
 
And I always love the saying "start to stop", just makes me giggle.
 
Yea, I don't know why either.
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Cleaner Active Indicator LED Icon  OP 
~ 8 years ago   Jan 20, '16 12:36pm  
Never even thought of that!!! It's is funny!
@LivingLife
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LivingLife Active Indicator LED Icon 10
~ 8 years ago   Jan 20, '16 1:31pm  
This oil price issue is soon to impact the whole country in a very negative way I'm afraid. Our already fragile status will be shaken to the core and challenged this year. One article I was reading spoke about oil prices in the teens as the bottom.
 
That is frightening. As I'm semi-retired, I am watching my investments taking a beating and afraid it's just the beginning.
 
Soon I may have to get a real job. That sux.
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macdaddy Active Indicator LED Icon 14
~ 8 years ago   Jan 20, '16 1:34pm  
My Company stock price is at a 10 year low
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blueyes Active Indicator LED Icon 15
~ 8 years ago   Jan 20, '16 1:37pm  
Removed By Request
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LivingLife Active Indicator LED Icon 10
~ 8 years ago   Jan 20, '16 1:38pm  
I agree. I was looking at a land purchase, but have decided to hold off.
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blueyes Active Indicator LED Icon 15
~ 8 years ago   Jan 20, '16 1:39pm  
Removed By Request
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757beach Active Indicator LED Icon 14
~ 8 years ago   Jan 20, '16 1:49pm  
Well its going to be a benefit for house builders because of the cost of goods is cheaper they can afford to build more and build at a cheaper price.
So the capital projects that were already scheduled may be cheaper to build
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757beach Active Indicator LED Icon 14
~ 8 years ago   Jan 20, '16 1:52pm  
Investors are waiting on foreclosures
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brightlights Active Indicator LED Icon 15 Forum Moderator
~ 8 years ago   Jan 20, '16 1:52pm  
@blueyes We're discussing canceling ours this summer as well. Emoticon
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LivingLife Active Indicator LED Icon 10
~ 8 years ago   Jan 20, '16 2:14pm  
I'm going on my vacay no doubt. Just debating on where. We've not been to Florida's panhandle in a while, so maybe Perdido Key might be in the plans for a week, and then keep cruising down to Tampa, maybe even Miami and the Keys.
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Smokeybear Active Indicator LED Icon 8 Forum Moderator
~ 8 years ago   Jan 20, '16 2:24pm  
OPEC countries are in a tug a war to control oil markets. The market is flooded with a surplus driving prices down. No one is budging at the moment and soon Iran will be allowed to export oil. They will want to recoup their market place and economy lost to sanctions. I agree we could be looking at oil prices back in the teens. for the consumer I don't see much savings except at the pump. Look at the airlines. They have been savings millions, but air fares have not gone down. Fuel prices are at a 13 year low, but UPS still charged me a fuel surchargeTo ship my Christmas boxes. I have neighbors that work in the oil patch, waiting for the axe to fall. Tough times ahead
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Cleaner Active Indicator LED Icon  OP 
~ 8 years ago   Jan 20, '16 2:34pm  
The airlines have report some big profits related to fuel savings..
The savings should start to reflect in all industry but it won't.... To much greed at the top and it will effect everyone in all areas of business...
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Posterguy Active Indicator LED Icon 16
~ 8 years ago   Jan 20, '16 2:37pm  
Well its going to be a benefit for house builders because of the cost of goods is cheaper they can afford to build more and build at a cheaper price.
 
Not so simple, the question then becomes will people buy. Many jobs in this area are in the oil and related businesses.
 
The low price of oil is complicated- some positive, more money in consumer pockets and some negative , a loss of oil industry jobs as companies contract in reaction to the low price of oil.
 
Energy stocks are taking it on the chin negatively impacting retirement funds,but this will change as the price inevitably rise. Stock gurus should have seen this coming a mile away.
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brightlights Active Indicator LED Icon 15 Forum Moderator
~ 8 years ago   Jan 20, '16 2:58pm  
Prayers going out to all the ADC families in the O&G industry. It's a scary time for all of us! Emoticon
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