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Started By
Message
Boom to bust: Crude oil costing families
Posted on 2/23/16 at 10:32 am
Posted on 2/23/16 at 10:32 am
And yet some of you idiots love to laugh at "low gas prices". You don't see the other side of the coin. This isn't just affecting the top but real people are losing their jobs and livelihood.
LINK
LINK
quote:
MORGAN CITY- Going to the gas pump isn't the pain it used to be. Many drivers are loving the cheaper prices, but dropping oil prices are placing a burden on residents in places like Morgan City that rely heavily on the oil and gas industry.
Offshore workers are being laid off, local businesses are losing their clients and the city is facing major budget shortfalls.
A year ago, Merlin Price Jr. was working as a safety engineer on an oil rig in south Texas. Like many in Morgan City, offshore work was all he knew; He'd been doing it for 35 years.
"They called me on the phone and said 2 weeks when you go home; they said you're done," he told News 2's Natalia Verdina.
As oil companies continue to cut back, Price is living with his mother again and learning a new trade: painting.
Offshore workers may be the first ones to get laid off, but in places like Morgan City, the oil and gas industry affects just about everyone. It's a lifeline that's slipping away.
"I have not made a profit off the bar since June," Lori Broussard explains.
76
Posted on 2/23/16 at 10:32 am to RedRifle
downvotes are a comin
Posted on 2/23/16 at 10:33 am to RedRifle
New info. Thanks so much.
Posted on 2/23/16 at 10:33 am to RedRifle
I feel so bad for the oil field trash, lemme tell ya. Work in a volatile field, and this is what happens. It's not news. It's the way that business works.
Posted on 2/23/16 at 10:34 am to RedRifle
Did he work offshore or in south Texas?
Posted on 2/23/16 at 10:34 am to Commandeaux
quote:
downvotes are a comin
Frick em. I'm ready.
Posted on 2/23/16 at 10:34 am to RedRifle
wow thanks for posting ! I never thought about it this way.
Posted on 2/23/16 at 10:35 am to RedRifle
I like when the price of things I buy often goes down.
Posted on 2/23/16 at 10:35 am to RedRifle
I've been saying this. When other industries start to become affected people will see.
Posted on 2/23/16 at 10:35 am to Schwartz
quote:
I feel so bad for the oil field trash, lemme tell ya. Work in a volatile field, and this is what happens. It's not news. It's the way that business works.
Kinda silly to refer to everyone as trash that works in the industry
But people who work in versatile crafts will usually tell you that plant work tends to open up when the upstream industry is hurting.
Most of my coworkers are transitioning to jobs in plants
Posted on 2/23/16 at 10:35 am to TheIndulger
Here we go with another pity party for the oil field workers.
Posted on 2/23/16 at 10:36 am to RedRifle
quote:
You don't see the other side of the coin. This isn't just affecting the top but real people are losing their jobs and livelihood.
Anyone who has grown up in Louisiana understands this. When the oil and gas business is bad, all businesses in Louisiana (except for medical) feel the heat. All of these article have been written over and over. This is not breaking news.
Posted on 2/23/16 at 10:36 am to RedRifle
this is well known and i think every one living in the gulf region including houston knows the impact that it has and has someone close to them that it has impacted. that being said low gas prices are a relief to some. i do not condone laughing about low gas prices but i dont see why its unacceptable to be happy for low gas prices
Posted on 2/23/16 at 10:36 am to RedRifle
Why do yall have to stir up the OT tards with these same discussions every other day
Posted on 2/23/16 at 10:36 am to RedRifle
Its little bit of capitalism left. It will recover.
Posted on 2/23/16 at 10:36 am to RedRifle
Some of you don't get it. If you choose a field to work in that is as shaky as oil and gas - so shaky that a camel shitting in the wrong part of the Middle East can move oil prices, then you should plan for it.
Save money, prepare for the worst. But instead, a great number of oil field trash spends money like it goes out of style - then when times like this come, they are pissed at us that enjoy "low gas prices."
Save money, prepare for the worst. But instead, a great number of oil field trash spends money like it goes out of style - then when times like this come, they are pissed at us that enjoy "low gas prices."
Posted on 2/23/16 at 10:36 am to RedRifle
I'm sure he was happy when people were paying 4 dollars a gallon.
Posted on 2/23/16 at 10:37 am to Powerman
No, the trash are the ones that are hurting. They're the ones that took their jobs for granted, blew all of their money, and never planned for the future, zero savings, zero diversification in their skills, etc.
The smart ones knew it was coming, planned for it, and will ride it out without issue.
The smart ones knew it was coming, planned for it, and will ride it out without issue.
Posted on 2/23/16 at 10:37 am to RedRifle
What do you expect any of us to do about it?
Posted on 2/23/16 at 10:37 am to RedRifle
The world needs ditch diggers too.
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