‘Can’t Even Give It Away’: Gasoline at $1 Is Warning for Economy

[Sig]

I think it is a regional thing...I live in Oklahoma and can tell you that our economy will suffer due to energy being one of our biggest industries. It is what it is though everyone who gets in the patch is warned countless times to save that money but most go and buy a new house and $40k diesel pickup truck to be like the big shot company man only to have to turn around and sell for payoff when crude shits the bed. I was in the oilfield most of my adult life and have several friends and family members that still are and currently laid off. It hurts to see them struggle whether they could have planned ahead better or not.

I agree it is hard to have a lot of sympathy for anyone in a boom bust industry who spends like their high water mark pay is going to go on for the next 20 years. You get paid a lot in those jobs precisely because it's boom bust, so don't live high on the boom and come crying during the bust. I saw the same thing with commercial fishermen when I was a kid in the PNW and Alaska, as well as with the oil guys in Alaska and of course construction guys are the worst.