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The Water Cooler
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Are low oil prices helping or hurting you?
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<blockquote data-quote="SlugSlinger" data-source="post: 2778273" data-attributes="member: 7248"><p>There are 2 ways to analyze and answer your question.</p><p></p><p>Short term things are fine with lower gas prices. However, gasoline fuel is such a small portion of my overall budget the change is essentially immaterial. </p><p></p><p>However, working for a midstream company, I believe the lower prices have cost me a promotion, I did get compensated in other ways, but long term, a promotion would be better. Also, an email was distributed Friday telling some legacy employees they will be receiving a letter that will tell them about their future with the company and what options they may have.</p><p></p><p>I also heard Friday, that there will likely be another 20,000 layoffs in Oklahoma in the energy industry primarily due to the continuing low oil prices. I don't think we've seen the worst of these low oil prices impact on the state (or individual's) finances yet.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 2778273, member: 7248"] There are 2 ways to analyze and answer your question. Short term things are fine with lower gas prices. However, gasoline fuel is such a small portion of my overall budget the change is essentially immaterial. However, working for a midstream company, I believe the lower prices have cost me a promotion, I did get compensated in other ways, but long term, a promotion would be better. Also, an email was distributed Friday telling some legacy employees they will be receiving a letter that will tell them about their future with the company and what options they may have. I also heard Friday, that there will likely be another 20,000 layoffs in Oklahoma in the energy industry primarily due to the continuing low oil prices. I don't think we've seen the worst of these low oil prices impact on the state (or individual's) finances yet. [/QUOTE]
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