Monday, April 20, 2020 2:05:39 PM
a NGL exec Economics 101
Stimulus Package
It is a slow day in the small oil town of Pumphandle. Its streets are deserted. Times are tough, everybody is in debt; everyone is living on credit.
A NGL exec visiting the area drives through town, stops at the motel, and places a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.
As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.
The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Co-op.
The guy at the Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has been offering her "services" on credit.
The hooker rushes over to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything.
At that moment the NGL exec comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves.
No one produced anything. No one earned anything... However, the whole town is now out of debt and now looks to the future with a lot more optimism.
And that, ladies and gentlemen, is how a NGL Stimulus package works.
Recent NGL News
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