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I Am Glad Oil Prices Are Rising

Published by sam - 23/10/07 - 11:10:30 pm

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I know this is selfish and evil, but I need to get this out of my system.Of course, the rising oil prices cause sharp momentary pain at the gas pump and gradually increasing pain at retail stores; but, there is a silver lining to this dark cloud that I am discovering about now.

If you head over to a campus recruiting department at any college around this time of the year, you will know what I am talking about. Companies are picking up students like hot cakes - full time, part time, interns, and co-ops.

It’s difficult to trace the exact routes of all the excessive oil profits, but I guess you can observe some end effects when it comes to recruitment stats. Big companies, small companies, service companies, manufacturing companies, software companies, and many other companies … the money eventually trickles down to all of them and then they all try to get a piece of the action.

The rising demand for oil (one of the reasons why oil prices are hovering high up) and record oil profits in recent times have spurred a major chunk of the industry into a frenzy of new projects, all over the world, worth many billions of dollars. And now, they are needing thousands of people to work on these projects - in US and abroad.

I cannot say whether this is just a short term boom or a fairly sustainable trend, but unless all the developing countries (currently developing … and those which will be on rapid development paths in future) suddenly stop using oil or unless they figure out a way of using sea water as fuel, I would stay bullish on the prospects of this trend sustaining itself for several years down the line.

Right now, “strike while the iron is hot” seems to be my favorite phrase. It appears like a good time to head out there and grab a piece of the recruitment pie. :)

Ironically, a couple of days ago, I wrote something about oil consumption and environmental concerns. Oh, well … three cheers for hypocrisy .. hyp hyp hypocrisy!

Source: http://www.thetaoofmakingmoney.com/2007/10/17/531.html

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