Thread: Oil Crashing
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Old 01-05-2015, 07:35 PM
From The Hip From The Hip is offline
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Join Date: Sep 2012
Posts: 2,052
Default The price of oil dipped as much in 2009 and it was higher leading up to the dip

There is a lot of negative sentiment in this thread I gotta say from nasty opinions about people who levereged themselves into huge amounts of debt and may lose everything to the other end of the spectrum where you have posters hoping the real estate maket crashes so they can manage to buy a home at the loss of another.

All I can say is the "sour grapes" attitude is pretty disheartening.Pretty pathetic when people look forward to life to go down the toilet for other people when the exact same situation will also do them harm but to a lesser affect.

As for the fearmongering over the price of oil it is overblown and the market reaction today was just exactly how the stock market works and what drives it...GREED and FEAR especially after the "Santa Clause" rally in the last 2 weeks.

I do like that it cost me only $33 to fill up my vehicle today.But I dont like the oil price slide as an Albertan and what it portends for the future and even more specifically I dont like it as a Calgary taxpayer who has a tax & spend socialist mayor who wants a 4.6% year over year tax increase to pay for his socialist agenda.

Damn glad I got my home paid off outright last March and I wont be stupid enough to take equity out of it by a financial instrument from a company like Arron Acceptance Corp etc.

FTH
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