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Things have gotten so bad in the oil industry that workers have stopped paying their car loans

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The slump in the price of crude — which is still half what it used to be even after a recent recovery — is hitting jobs and showing up in the consumer lending market.


Researchers at the Federal Reserve Bank of New York recently took a look at hardship in oil producing counties. They laid out their findings in a blog post on the NY Fed's Liberty Street Economics site, Tuesday.


http://www.businessinsider.com/auto-delinquencies-in-the-oil-patch-2016-5


Well, I'm not shedding any tears for them.

There were groups of the more modestly-educated ones roaming the forums like Harry Enfield's "loadsamoney" character talking down to anyone who didn't make at least half a million baht after a month on an oil installation in the gulf pulling their todgers.

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