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re: I heard layoffs happened at Schlumberger today

Posted on 1/13/15 at 6:43 pm to
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 1/13/15 at 6:43 pm to
He would probably get more out of me if he stood in front of mcdonalds holding a cup. I tend to be more sympathetic for working people that lose their jobs
Posted by REB BEER
Laffy Yet
Member since Dec 2010
16179 posts
Posted on 1/13/15 at 6:44 pm to
I'm sure lifted f-250's will be readily available as well.

Might even get a 50" LED bar thrown in for free
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 1/13/15 at 6:45 pm to
I found one in Laffy on Louisiana Sporstman last week. Had to rent a new boat shed to store it in because my other one was full. Hope you find what you're looking for.
This post was edited on 1/13/15 at 6:49 pm
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
35476 posts
Posted on 1/13/15 at 6:46 pm to
quote:

He would probably get more out of me if he stood in front of mcdonalds holding a cup. I tend to be more sympathetic for working people that lose their jobs

What?

They may not be skilled or particularly good at what they do, but fast food workers do work.
Posted by thesoccerfanjax
Member since Nov 2013
6128 posts
Posted on 1/13/15 at 6:47 pm to
True. Just not nearly as hard as operators.
Posted by LSUShock
Kansas
Member since Jun 2014
4913 posts
Posted on 1/13/15 at 6:48 pm to
Good man, you're doing your part to give back to those you so actively support.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 1/13/15 at 6:48 pm to
Bro, you will never see me ragging on anyone that has a job and works. I think you misread my post.
Posted by thesoccerfanjax
Member since Nov 2013
6128 posts
Posted on 1/13/15 at 6:50 pm to
I think you misunderstood my post. And basic economics.
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
35476 posts
Posted on 1/13/15 at 6:50 pm to
quote:

I think you misread my post.

I guess so.
Posted by LSUEnvy
Hou via Lake Chas
Member since May 2011
12088 posts
Posted on 1/13/15 at 6:51 pm to
Just watched the Hou news, gas in Tomball is the cheapest in the US. $1.44 a gallon. Damn...
Posted by Kerndog
Member since Nov 2008
34 posts
Posted on 1/13/15 at 6:52 pm to
Work in the consulting engineering side of O&G.

2 of our larger projects were put on hold today with layoffs expected later this week. Seems like 2015 will be an interesting ride.
Posted by Scruffy
Kansas City
Member since Jul 2011
72051 posts
Posted on 1/13/15 at 6:52 pm to
quote:

frick people losing their jobs. I can fill up my Honda Civic for $25
You taunting Scruffy?

Posted by sassyLSU
Lake Charles, La.
Member since May 2011
2080 posts
Posted on 1/13/15 at 6:52 pm to
Cramer was saying Schlumberger is the best in the industry, but also said they were in trouble.

Oil is under $50.

2008 was derivatives of house mortgage paper.
Lehman brothers made bets over $650 BILLION when they had under $70 billion and they were ALL IN. When the market moved down they could not meet the call.

Schlumberger is just cutting operating expenses.













Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32398 posts
Posted on 1/13/15 at 6:53 pm to
quote:

I heard layoffs happened at Schlumberger today
quote:
If saving $30 a month is that big of a deal then I feel sorry for you.


And what if ALL of our employers each had he ability to raise every consumers expenses by $x amount while taking in record setting profits? What if we all did it at same time as oil?

O&G employment isn't some charity that the American public is obligated to fund. Equilibrium dictates fewer jobs in that market.

If I work for a pet food company and I tell you guys to pay $100/big bag of dog food do you give a frick if I lose my job when you choose not to?



You won't get any responses, because you're being logical
Posted by LSUShock
Kansas
Member since Jun 2014
4913 posts
Posted on 1/13/15 at 6:56 pm to
Which is why I don't understand your position. Does it suck yes. Am I advocating that people should lose their jobs cause they work in a certain industry, no? But this has happened and will happen to every industry throughout the course of history. Being fired because an industry is showing its volatility doesn't incapacitate people from working. Does it mean there may be some lifestyle changes, definitely, but not your ability to work.

I guess I am a little numb to it. My fiance's dad lost his job with Boeing for 10 months after they started cutting back. He swallowed his pride and worked at Home Depot for some of that time while doing contract work at night. When the rubber industry declined in Akron, my grandfather joined the navy and started a successful business after a 22 year career. There are millions of people with similar stories. Some are probably the same people who lost their jobs today.
This post was edited on 1/13/15 at 6:57 pm
Posted by Scruffy
Kansas City
Member since Jul 2011
72051 posts
Posted on 1/13/15 at 6:56 pm to
quote:

O&G employment isn't some charity that the American public is obligated to fund. Equilibrium dictates fewer jobs in that market.
Exactamundo, good sir.
Posted by Bushmaster
19th Hole
Member since Oct 2008
39618 posts
Posted on 1/13/15 at 7:02 pm to
Scruff, just walked by my shallow water poling skiff and cut the hell out of my calf on the prop. 4 inch gash layed open to white calf meat. Poured some wild turkey on it and up to date on my tetanus shots. Applied duct tape. Am I good to go?

Will rub dirt if need be.
Posted by saintforlife1
Member since Jul 2012
1321 posts
Posted on 1/13/15 at 7:03 pm to
quote:

He's in probably the most valuable and important down hole department in North America for the company.

Wireline?
Posted by Jet12
Tweet, tweet, tweet, two steps.
Member since Nov 2010
20554 posts
Posted on 1/13/15 at 7:07 pm to
quote:

white calf meat. Poured some wild turkey on it

Sounds tasty, actually.
Posted by Street Hawk
Member since Nov 2014
3460 posts
Posted on 1/13/15 at 7:08 pm to
quote:

Cramer was saying Schlumberger is the best in the industry, but also said they were in trouble.

Oil is under $50.

2008 was derivatives of house mortgage paper.
Lehman brothers made bets over $650 BILLION when they had under $70 billion and they were ALL IN. When the market moved down they could not meet the call.

Schlumberger is just cutting operating expenses.

Did he have a take on other services companies such as Halliburton, Weatherford etc.? Did he say when he thinks oil prices will rebound?
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