Questions on US Oil Industry? Moody's Weighs in

[DrVenkman]

https://www.moodys.com/research/Moo...es-will-squeeze-global-oil-and-gas--PR_334712

There has been lots of discussions about the oil industry. While this will continue to be debated, this am Moody's lowered their credit outlook on the industy. It is also worth while taking a read of the full-report they highlight in the note.

Most if not all producing companies are most concerned about capital preservation right now. We can all debate when the price of crude rallies and how much, but the real issue is where these companies can make enough money to not only keep current drilling going, but when they can move on to new projects.

In the short term, energy prices will be lower. This should be a good thing for everyone right?

 

[tarheelbybirth]

Good for almost everyone. Those who work in the oil industry are getting hit hard already. My brother-in-law has laid off just about all his workers in Pennsylvania and he's looking at doing the same in Texas and Louisiana very soon.

OTOH, I paid $1.85 for gas this week!!

 

[CarolinaHawkeye]

There will be plenty of work repairing windmills and solar panels. That's where the future is. It should be the present if current energy companies were more forward looking rather than short term oriented. But that's the USA today. Get what you can now. To hell with your kids and grandchildren.

 

[22*43*51]

OTOH, I paid $1.85 for gas this week!!

That is like having a multi-billion dollar stimulus package for all of us.

It should spark some consumerism in the short term.

Until supply diminishes due to the lay-offs and production loss the your BIL is experiencing.

 

[lucas80]

One thing lacking in last night debates was thoughtful debate about energy policy. There were scare tactics, but no vision. We need leaders who aren't afraid of going against conventional wisdom, and who aren't petrified of entrenched business interests.

 

[CeMar_Clone]

There will be plenty of work repairing windmills and solar panels. That's where the future is. It should be the present if current energy companies were more forward looking rather than short term oriented. But that's the USA today. Get what you can now. To hell with your kids and grandchildren.

Yes businesses are really stupid, they never plan for their future. They all want to be out of business in 10 years.

 

[CarolinaHawkeye]

Yes businesses are really stupid, they never plan for their future. They all want to be out of business in 10 years.

Well for one thing, the word all was never mentioned. But given your inability to understand written English, I can understand why you would post this. Perhaps if your wife was a special ed teacher she could help you.