Thread regarding ConocoPhillips layoffs

It seems like everyone here is an economist

At least now that if y'all got laid off (or already have), you know what your next career path should be.

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Post ID: @OP+E1Pdkz1

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Payback time for the greedy bastards

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Post ID: @1cfu+E1Pdkz1

Quotes from the analyst meetings does not make someone an economist. Product costs $60 per barrel and sells for $50 per barrel. 2,000,000 million barrels per day. Loss of $10 per barrel. 2,000,000 * 30 days in a month * $10 loss per barrel = $600 million loss per month = $7.2 billion loss per year. And I am very conservative with the estimates as oil is $45 per barrel today.

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Post ID: @oBv+E1Pdkz1

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