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Usually when drillers/frackers move into a new area, they bring workers in from outside the state, so the locals aren't benefited except by having the land around them torn up and a shitload of huge trucks going by every night. Whenever a (probably republican) governor tries to say that they're bringing new jobs and wealth into the area it's pretty much always bullshit. They'll suck the profit out of the area, and then move on.
Mercury_Storm fucked around with this message at 00:20 on Jan 22, 2016 |
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Jan 22, 2016 00:02
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Also not so great when the Governor gives his new oil pals insane deals so they pay extremely low to no taxes. I'm sure the local Hilton gets a big influx of cash, but lol.
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Jan 22, 2016 00:52
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Zeroisanumber posted:Some analysts were bandying around $15/bbl as the possible low, but commodity analysts have been wrong so often that that number is probably only a little better than a wild rear end guess. The price went down a bit below 10 bucks in 1998, I guess they're factoring in inflation for the worst-cast-scenario?
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Feb 11, 2016 23:19
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Saudi Arabia is actually investing in solar so they can sell more oil rather than use it domestically: http://cleantechnica.com/2012/11/25/saudi-arabia-investing-109-billion-into-solar-energy-wants-13-of-electricity-from-solar-by-2032/ http://www.theatlantic.com/magazine/archive/2015/07/saudis-solar-energy/395315/
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Feb 12, 2016 01:43
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