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Started By
Message
re: Crude below $50
Posted on 1/5/15 at 4:09 pm to SuperSaint
Posted on 1/5/15 at 4:09 pm to SuperSaint
quote:
Think the first tank of gas I put in my car ran me $0.89/Gallon
routinely filled up for under $1/gal in the late 1990s.
This post was edited on 1/5/15 at 4:10 pm
0
Posted on 1/5/15 at 4:09 pm to jimbeam
Where do you think most Phase II work comes from? 
Posted on 1/5/15 at 4:10 pm to Salmon
True but all the phase 1s I have done were non O&G
Posted on 1/5/15 at 4:12 pm to jimbeam
Right
But you don't make money on Phase I work
You make money on Phase II. And for a Phase I to go to Phase II, its almost always an O&G property
But you don't make money on Phase I work
You make money on Phase II. And for a Phase I to go to Phase II, its almost always an O&G property
Posted on 1/5/15 at 4:22 pm to yellowfin
Fin, you think I will be able to come to LA and buy a nice, slightly-used center console for pennies on the dollar soon?
Posted on 1/5/15 at 4:23 pm to CadesCove
Oh yea. I could use a duck boat
Posted on 1/5/15 at 4:25 pm to malvin
quote:
Last year was the best year our company has ever had, by far.
It was a really good one for us as well. There will be big annual bonuses handed out for sure. And if it stays this low for a while some of the people getting big bonuses will also be let go around the same time.
We also held back some invoices from Dec to Jan because our month/year was so good.
Posted on 1/5/15 at 4:27 pm to kywildcatfanone
quote:
but I hope you are saving for the cycles. If you aren't, I can't have much sympathy.
I've been laughing at the people on Fbook who are preaching about people need to stop being happy about low gas prices because their husband is going to get laid off. Catch is these people are usually in there 20's and drive 100k worth of vehicles and live in a 3000 sq ft home and have one income.
Posted on 1/5/15 at 4:28 pm to magildachunks
quote:
Funny, I seem to remember oil being very low during the prosperous 90s
Oil was $12 a barrel back in 97/98 and we survived.
Posted on 1/5/15 at 4:30 pm to Double Oh
I just want to point out that when I started talking about this happening back in October I was called out by several people but this was by far the best.
Jack Daniel
Sadly he went on to say he also works in the O&G industry and knows more than me.
ETA: Another time people here laughed when I said this would/could happen
LINK
quote:
Drop in gas prices has nothing to do with oil field jobs, they do not quit drilling based on gas prices. Prices are low because there are alot of oil and gas jobs
Jack Daniel
Sadly he went on to say he also works in the O&G industry and knows more than me.
ETA: Another time people here laughed when I said this would/could happen
LINK
This post was edited on 1/5/15 at 4:33 pm
Posted on 1/5/15 at 4:32 pm to OysterPoBoy
quote:
Hopefully their old ladies didn't spend it all the second they earned it.
Should be some good deals on used lifted trucks soon.
Posted on 1/5/15 at 4:35 pm to stout
I really believe this could be a significant downturn for the next 2 years and I'm really glad I've been saving because a rainy day could be upon us.
Posted on 1/5/15 at 4:38 pm to CadesCove
Not if I beat you to it
Posted on 1/5/15 at 4:40 pm to Tiger Ryno
quote:
I really believe this could be a significant downturn for the next 2 years and I'm really glad I've been saving because a rainy day could be upon us.
are you in oil and gas too?
Posted on 1/5/15 at 4:40 pm to Tiger Ryno
An analyst we use predicted this downturn a year ago. Last January he told us $50 oil in December.
He is now saying $90+ by July. Take that for what its worth. I'm hoping he is right again.
He is now saying $90+ by July. Take that for what its worth. I'm hoping he is right again.
Posted on 1/5/15 at 4:40 pm to yellowfin
Crawfish prices will be much lower this year with cheap gas prices
Amirite fin?
Amirite fin?
Posted on 1/5/15 at 4:40 pm to yellowfin
quote:
Not if I beat you to it
I remember after Hurricane Rita and Katrina how many F250s and dump trailers could be had for cheap. All of the overnight contractors though that work would last forever and bought all new equipment.
Posted on 1/5/15 at 4:41 pm to Cosmo
Too cold this week
Price going up
Price going up
Posted on 1/5/15 at 4:43 pm to Tiger Ryno
no way this downturn last 2 years. 9 months tops. Price of oil will start creeping back up by the end of March. Posted on 1/5/15 at 4:44 pm to gaetti15
quote:
are you in oil and gas too
a large part of me is
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