Profile photo of Roadracer

Underground: Absolutely right on. Continue to be amazed that people celebrate low gas prices without thinking of the ramifications. We could see several hundred wells shut down by March. Figure 100 employees per well, and you have several thousand newly unemployed. Big oil gets the wells and can ride out the oil price decrease. Got to give credit to Rick Perry in Texas. He has been out hustling diverse companies to come to Texas to offset the job losses coming from the oil bubble bursting.