2014 Income

[seethrough]

Care to elaborate on what you know?

If I remember correctly Dom is in a crude oil based business. I am sure that he is seeing the 2014 crude oil prices that were steady at $100+ a barrel for half of 2014 now drop to below $50/barrel by the end of the year as an indicator of how his business will fare next year. We all see the result at the pump which is good for a majority of the country but this change affects others. Just a guess based on my family's experience with the oil business.

 

[VPRPWRD]

If I remember correctly Dom is in a crude oil based business. I am sure that he is seeing the 2014 crude oil prices that were steady at $100+ a barrel for half of 2014 now drop to below $50/barrel by the end of the year as an indicator of how his business will fare next year. We all see the result at the pump which is good for a majority of the country but this change affects others. Just a guess based on my family's experience with the oil business.

That was my understanding as well.

 

[shorty]

I own residential rent trailer in Midland Texas. The oil patch. 50% vacant in 1 month. ALL were laid off. In 1983 my home in Odessa TX appraised for $185,000 and in 1994 I got $105,000 and felt lucky. When the price oil goes, it goes and many workers are severely hurt. World wide slow down in economies and glut of oil has caused something called---supply and demand. Worldwide there is not the demand there was a year ago and will take time for those countries to recover.

But----it always comes back and I am sure Dom was smart enough to put plenty back for a rainy day. Them that can hold out will do exceeding well. But believe me, there will be many small companies go bankrupt. May take a year of two but oil will top $100 a barrel again and all will be well in the oil field and we will be griping about the high cost of running our 10's down the road.