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The Sandbox - Austin The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here. If it's NOT an adult-themed topic, then it belongs here

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Old 04-06-2015, 05:33 PM   #1
endurance
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Default Are y'all seeing low oil price impact?

With oil prices getting cut by over half over the last 9 months I thought I'd see more impact in texas. I'm talking about more direct anecdotal than just the 100ks of jobs in the drilling area always talked about in the news.) I know austin isn't all about oil, but still... (I know some people in related businesses and they are somewhat crapping in their pants, but I don't see that sentiment at large.)

Maybe everone is just assuming it will bounce back up by 2016 and sticking it out - seems like a crowded trade...
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Old 04-06-2015, 06:39 PM   #2
FoulRon
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Took a long weekend drive. Had to fill up. $2.019/gal
Looks OK to me.
Went about a mile further down the road, $1.98. This was in the shale boom area where none of the pumps were running.
Did not see the popup stip joint I saw a year or so ago outside one small town either.
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Old 04-06-2015, 08:31 PM   #3
universalenergy
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Lower fuel cost is good for the power utilites industry.
I quit working in chemical and refineries over twenty years now.
I am just as busy as ever.
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Old 04-07-2015, 11:16 AM   #4
Mr Peabody
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Austin is about government. Government is out of touch with reality. Nobody here will notice any effects unless the downturn lasts several years.
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Old 04-07-2015, 01:10 PM   #5
Whispers
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It's starting to impact jobs in the services industry as they quit drilling and pumping. I know a guy that was involved with mothballing one refinery and converting another in the last 6 months.

There is another economic downturn on the horizon and Texas will not fare as well as we did last time.
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