tag:blogger.com,1999:blog-1149283829854298377.post8106447719330022031..comments2024-03-28T15:12:38.709-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): Headline Stories in The Boston Globe: Thank Goodness For Fracking; Highly Contaminated Mystic River In MassachusettsBruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1149283829854298377.post-56609142474545694212013-02-19T14:38:49.746-06:002013-02-19T14:38:49.746-06:00The comment above was edited slightly before posti...The comment above was edited slightly before posting, but the question was not edited. <br /><br />I have stated my position pretty clearly with regard to my feelings regarding the price of oil; in fact, I think I just posted those thoughts, again, very recently.<br /><br />But, no, high oil prices are not necessarily good for the oil industry. All things being equal, if the price of oil gets too high, there is a risk of a recession; as a broad-based investor, I prefer not to see a recession. Nor would I want to see unemployment increase. <br /><br />Interestingly enough, if one reads the earnings reports, oil companies can actually lose money even in the face of high oil prices. <br /><br />Thank you for taking time to write.Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-90433006178513099802013-02-19T14:33:45.800-06:002013-02-19T14:33:45.800-06:00Do you want high oil prices or do you want low oil...Do you want high oil prices or do you want low oil prices? Who`s side are you on? In case you did not know---high oil prices are good for the oil industry----so who`s side are you on?----Anonymousnoreply@blogger.com