Oil is now so cheap even pirates aren’t stealing it any more

Started by rcjordan, February 19, 2016, 03:09:24 PM

Previous topic - Next topic

ergophobe

Funny, I just heard a report that oil is so cheap oil that oil theft is on the rise in Texas

http://www.npr.org/2016/02/17/467036626/crude-oil-thefts-rise-in-texas-as-low-prices-force-job-cuts

Why would that be? Because people who worked the oil fields and know them well, including security, pickup timing and so on, have lost their jobs and need money, so they steal oil from the wells they used to work.