Oil Workers in U.S. Begin First Large-Scale Strike Since1980

Wow, what a coincidence as we enjoy the lowest oil prices in years.... :roll:

http://www.bloomberg.com/news/articles/2015-02-01/oil-workers-in-u-s-begin-first-large-scale-strike-since-1980?cmpid=yhoo

 

Up go gas prices. Is it possible that the union is colluding with management? I wouldn't doubt it.

 

I wonder if the union would face much backlash? Times are hard and the lower gas prices have been a welcome breath off fresh air to the people and the economy.

I have several friends who work in the oil industry and almost all of the guys who work in exploration have been out of work for months now. When the price goes down, so does the budget for exploration. I know this, I don't know anyone who works in oil who doesn't make a damned good living.

 

They rejected 5 contract offers and "had no choice" HUH?

 

Prices inched up here four cents this morning. First upward movement in months.

 

I paid $1.99 late last week and it is $2.14 today at the same station. Interesting that outside of the article I presented I have not seen any other news concerning the union strike.

 

Here's an article re: walkout at a NW Indiana refinery.

http://www.indystar.com/story/money...es-go-bp-refinery-northwest-indiana/23083737/

 

and we're back over $2 a gallon here in Alabama

 

That was a quick turnaround in the price of gas!

 

Lot of gloom and doom here in Houston. A lot of people remember the 80's Oil bust when the running joke was the only difference between a pidgeon and a Texas Oilman is that the pidgeon could still make a deposit on a Mercedes.

Hopefully though our economy here in Houston is more diverse and can survive with not too much slow down.