Thread regarding Bank of New York Mellon Corp. layoffs

Also, the financial industry in this country has a lot of exposure to the oil and energy markets. So if you work for a bank you should care about the oil market because it affects your job stability.

Alot ... the oil and fracking companies hope to achieve greenfield compatibility.

What does all of this have to do with the BNYM layoffs??

Pumping oil is dirt cheap after drilling. Even Iraq replaced bombed out wells within hours. Fracking is expensive.

@1bac+13TIEVKD Are you seriously a banker? You DO understand that the input costs required to pump the oil out of the ground is HIGHER than the price it currently earns, right? Unlike a tech company an oil company can’t survive long without turning a profit. See massive debt bubble [debt to net revenue ratio] for the oil companies.

Please brush up on your basic business acumen before you opine on a subject you clearly know nothing about.

@tcg+13TIEVKD Fracking never gears up in low priced oil markets. The pipelines are doing just fine. Fracking will do very well when needed but it’s on the shelf for now.

The way I understand it, MBS assumed that Russia would agree to continue the alliance and that they would be open to cutting production, but Russia balked at that. So in response, MBS deliberately increased oil production to price Russia out of the market and to protect OPEC's markets share. So alright if you wanna be technical about it, they are both at fault. But now what happens? These prices are unsustainable. Is it possible that the market chaos forces MBS and Putin to come together to force a deal? What does Trump do about all of this? Do you think he gets personally involved? Should he somehow try to broker some kind of deal that resolves the issue and benefits America ??

No oil exposure?? What do you call all of those fracking companies sitting on billions of dollars of junk rated debt. Who do you think is on the hook if/when they become insolvent.

No wonder chainsaw left for WF. You all are incredible iD10ts

21. S. economy has no significant oil exposure now. Days of Jimmeh Cahtah are long gone with energy independence. Worst that can happen is that Exxon and the like slide a bit as fungible commodity prices know no borders

True fact: the vast majority of disaffected U.S. citizens perceive low gas prices to be a great economy.

I got my popcorn and diet coke ready! Oh the suspense is K–lING ME! Lol