I just wanted to take a look back this morning to just kind of remember happier days in Oklahoma City. I’m not sure if people in this state fully understand the ramifications of oil at $25 a barrel, but they will in the coming months.
I’m just optimistic we do get to see this Thunder team this late May or June play again and watch them compete in a playoff series.
I watched this video and it seems like this happened a lifetime ago.
What a great story Oklahoma City got to be a part of front and center on the national stage.
I’m taking a break on the markets today. Tomorrow a jobs report comes out and that will be the first real bell-weather economics wise as to where the U.S economy is at right now.
In 2011 the average price per barrel for West Texas Crude was $94.88. In 2012 the average was $94.05 per barrel. Oil closed at slightly over $23 per barrel yesterday.
Devon and Continental were each companies valued around $80 billion each back in 2012. They could each be bought for around $5 billion right now. I wonder if the average Oklahoman understands the trickle down consequences of this fact.
Oklahoma City has some very significant challenges ahead beyond beyond NBA basketball.
Look out for the elderly and be especially kind to your neighbors.