Drop in Gasoline Prices a Bad Thing?

[Davka]

I only make money when natural gas rises. Falling gasoline prices helps when I travel.

This is, unfortunately, about as deep as most people's thoughts on the subject go.

 

[Tom Sawyer]

I'm more than a little concerned about all those people who went up to North Dakota to work on fracking rigs. The boomtowns are going to bust, hard, if this keeps up.

It's a serious matter. There is rampant sex slavery in North Dakota to cater to all the men who went to work there and the falling prices mean that the human traffickers aren't going to be able to make enough cash to abuse and exploit even more defenceless women.

We need some kind of Kickstarter campaign or charity concert to help out the poor human traffickers who are the real victims here ... aside from all of their victims, of course.

 

[Derec]

It's a serious matter. There is rampant sex slavery in North Dakota to cater to all the men who went to work there and the falling prices mean that the human traffickers aren't going to be able to make enough cash to abuse and exploit even more defenceless women.

While I am sure that there is a lot of prostitution (it is proverbially the world's oldest profession after all) going on there to take care of the predominately male workforce that is not the same thing as "sex slavery". Do you have any evidence of "rampant sex slavery" going on?

We need some kind of Kickstarter campaign or charity concert to help out the poor human traffickers who are the real victims here ... aside from all of their victims, of course.

If you really care about safety and well-being of sex workers the best thing would be to legalize their work. And also not assume they are all being forced into sex work against their will.

 

[funinspace]

As the article says, this affects new drilling, not producing wells. So it will not immediately affect new production but will affect production down the road.

True generally, though this road isn't a very long one in oil production terms:
http://www.businessweek.com/article...not-last-as-fracking-wells-lack-staying-power

he U.S. Energy Information Administration estimates that about 29 percent of U.S. oil production today comes from so-called tight oil formations. These dense layers of rock and shale are cracked open by blasting water, sand, and chemicals deep underground, creating fissures that allow the oil to flow into horizontal pipes, some of them thousands of feet long. Production from wells bored into these formations declines by 60 percent to 70 percent in the first year alone, says Allen Gilmer, chairman and chief executive officer of Drillinginfo, which tracks the performance of U.S. wells. Traditional wells take two years to slide 50 percent to 55 percent, and they can keep pumping for 20 years or more.
<snip>
Global Sustainability’s Hughes estimates the U.S. needs to drill 6,000 new wells per year at a cost of $35 billion to maintain current production. His research also shows that the newest wells aren’t as productive as those drilled in the first years of the boom, a sign that oil companies have already tapped the best spots, making it that much harder to keep breaking records.

Venezuela is under immense stress, and Nigeria felt it needed to say it won’t become another Zimbabwe for some reason...

And both are members of OPEC.

Yes, they are members of OPEC. However, they are not OPEC by themselves.

 

[Tom Sawyer]

While I am sure that there is a lot of prostitution (it is proverbially the world's oldest profession after all) going on there to take care of the predominately male workforce that is not the same thing as "sex slavery". Do you have any evidence of "rampant sex slavery" going on?

Yes, there's quite a lot of well documented evidence about it if you care to look. It's not related to the topic, however.

 

[funinspace]

While I am sure that there is a lot of prostitution (it is proverbially the world's oldest profession after all) going on there to take care of the predominately male workforce that is not the same thing as "sex slavery". Do you have any evidence of "rampant sex slavery" going on?

Yes, there's quite a lot of well documented evidence about it if you care to look. It's not related to the topic, however.

Wait....sex and lubrication aren't related?

 

[Davka]

Yes, there's quite a lot of well documented evidence about it if you care to look. It's not related to the topic, however.

Wait....sex and lubrication aren't related?

I'm confused. Weren't we talking about fracking? When I'm fracking, I like to use some lube to smooth over those interpersonal relations. What i don't get is the part about gas - I mean, who really wants to have sudden eruptions of gas in the middle of a good frack? Sure it's funny, but it kind of spoils the mood.

 

[ZiprHead]

Wait....sex and lubrication aren't related?

I'm confused. Weren't we talking about fracking? When I'm fracking, I like to use some lube to smooth over those interpersonal relations. What i don't get is the part about gas - I mean, who really wants to have sudden eruptions of gas in the middle of a good frack? Sure it's funny, but it kind of spoils the mood.

Tubgirl. 'nuff said...

 

[tupac chopra]

It is a minor boom for the economy.

Except for all the jobs lost and the debts that won't be paid

 

[tupac chopra]

As far as it being a good thing, it puts more disposal money into the wallet for every American. Prices for laying asphalt roads drops. It is a minor boom for the economy.

Russia invited it. The Saudi's gave Russia a chance to join them in cutting production, but Russia said no.

 

[Derec]

Yes, there's quite a lot of well documented evidence about it if you care to look.

The problem is that a lot, if not most, individuals and groups who claim to fight against "sex slavery" actually conflate all prostitution with "sex slavery" and "human trafficking".

It's not related to the topic, however.

Well it shows that a collapse of North Dakota oil boom would have ripple effects in all areas of economy, including the shadow economy. It's certainly more on topic than all the fracking jokes that followed your post.