YIKES

[cottonpicken]

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/02/20150218_oiljobs.jpg

[parsley]

Maybe they will have saved for a rainy day. Pars

[SASKFARMER3]

Oh wow that's going to hurt!

[boarderbloke]

Thought transport(trucking) would have been hirer in the chart.

[errolanderson]

U.S. economy is already slowing . . . . Profitability worries from retail icons like McDonalds and Walmart make a fairly strong statement that consumerism is slowing stateside.

Economists were expecting fuel pump savings to jack-up retail. It hasn't. Loss jobs from the oil sector as shown by Cotton's chart will hurt the U.S. economy much more than benefit.

U.S. 2nd quarter GDP will be a huge number for markets to watch. Our guess is it will continue to decline (below 2% GDP?).

U.S. recovery on 2013/14 money printing won't last through 2015 unless there is true wage growth (IMO). This could trigger an eventual break in the U.S. dollar which could support for the loonie and crude oil down-the-road.

[Guest]

what fuel savings ?, the refineries are raping and pillaging here

[Hopperbin]

Switch to gas. 25 percent cheaper.

[Hopperbin]

Think about it. Save 25 percent at the pump. And I will spend it where exactly before month end????

[ALLFARMER]

ATK a major oilfield hauler cut their guys pay 25% My work 10% so I walked. All the bs associated with the patch not worth taking a big pay cut.

[Guest]

you in the rig movin business , all farmer ?

[checking]

Still thinking about it.

1) s(ex)

2) booze

3) rrsp

[oneoff]

Pump gasoline price up a full 10% in northern ND in last two weeks. Now a standard $2.19/US dollars per US gallon (87 octane and up to 10% ethanol)

Crude still hovering at 50.00.

**** and pillage

[Guest]

well speaking of that , gas in sask. is $3.74 /U.S. gal , thats raping and pillaging , apparently benefits of slow oil patch , what a joke. and fed. co-op (right in sask) leading the pack

[bucket]

And politicians keep saying move along folks nothing to see here.


50 bucks a barrel and higher gas prices.

If it's not collusion or gouging could someone tell me what justifies this?

[farmaholic]

separate the taxes....