Gas was less than $2 a gallon and that was what everyone wanted. Now low prices are not good? Just think about all the extra money that people were able to spend so on this what has Texas done wrong?
I'm certainly not saying that even though I work in the field.............Prices via supply and demand are actually where they should be unless they manipulate the supply and demand of the product by cutting production...........
Competition lowers prices, and this is due to attack the competition on the Global Markets and pretty much directly attacking the rubble and coming off the Petro Dollar..............
As I stated, they are cutting to compensate to try and maintain profits that they had under higher prices...............which doesn't mean they are losing money. It means they are not making as much as they were before............
I almost laugh at work when someone buys the slogan they are losing money..............as they aren't..........They buy into the rhetoric of LOWER PROFITS is losing money..............The profits at the lower prices are what they should be...........even if this forces me out of the place into other industrial areas..............doesn't matter.............as the work is still the same if I'm forced to leave the company or work at another place..............
It's reality............and eventually their cuts will bite them in the ass as well as they cut to the bone trying to maintain corporate profit projections.....................eventually they will lower budgets to maintenance where they will allow degradation of the systems needed to keep the plant going.............causing potential catastrophic problems at a later day.............
I've seen those results personally, as I've been running my ass off away form the fire feeling the heat behind me from letting maintenance go to shit.............
It's a give and take world and the sword cuts both ways.