Thread regarding ConocoPhillips layoffs

Production out of Saudi has held steady. It's the US putting 2 miilion additional barrels a day on the market that's the culprit.

The reason that oil prices went from $20 to $100 (from the year 2000 to 2014) was due to increase in consumption in China. Increase in consumption in India, East Asia and Africa will move it higher in the next few decades (Indians have 3 cars per 100 persons, as opposed to Americans who have 97 cars per 100 persons- my numbers are approximates).

US oil consumption has declined in those years, so it is not the country driving up oil prices.

OP you should be on "naked and afraid"

Everyone calm down. It appears things are getting a little heated and out of control here. So, Boo-Hoo, some of you lost your jobs. Be honest, what percent, of you, that lost your job, really did anything? What percent of you really contributed to the company's bottom line? What percentage of you just showed up and drank coffee and ate donuts. Going to work was just a social event for many. BE HONEST, how many of you actually are / where producers? Not many. To those that slipped through the cracks, and still have there jobs, congratulations. Count your blessing and all those "S----UP, Brown-Nose" moments you had with management. Those who lost your jobs, be happy thinking how long you got away with doing the minimum, or less, for as long as you did.

Get rid of the stinking bunker oiled fueled freighters, and supertankers too, huh? Go back to sailing ships.

Electricity generation is increasingly fueled by natural gas, yep, produced by those big bad oil and gas companies. Nuclear electrical generation is slowly disappearing, meaning more fossil fuels is needed since solar energy, and wind turbines are intermittent and even with battery storage cannot possibly supply the increase in electrical energy demand.

And ties himself to trees....

I bet you eat granola every morning!