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Started By
Message
re: Oil field layoffs are really hitting SLa
Posted on 9/24/15 at 1:22 pm to ForeverLSU02
Posted on 9/24/15 at 1:22 pm to ForeverLSU02
I can relate because I remember the market tanked when I went to law school and it hasn't recovered much for attorneys.
I pray and hope the best for anyone who is scared about being able to support themselves or their families. Hopefully things will get better soon.
I pray and hope the best for anyone who is scared about being able to support themselves or their families. Hopefully things will get better soon.
2
Posted on 9/24/15 at 1:22 pm to LSU316
Meh, I don't think so.
I mean, I'm sure there was some bloat due to regular, routine expansion, but this more due to an extremely rapid contraction.
Less drilling, less demand, etc.
Just an outsider's business take, you could be spot on.
I mean, I'm sure there was some bloat due to regular, routine expansion, but this more due to an extremely rapid contraction.
Less drilling, less demand, etc.
Just an outsider's business take, you could be spot on.
Posted on 9/24/15 at 1:22 pm to ColoradoAg03
The Saudis won't manipulate the market to jack up prices until they are satisfied they are the top producer in the world and the US gives in to them
Posted on 9/24/15 at 1:23 pm to makinskrilla
quote:
I've heard that all jobs existing platforms would be ok, but all new drilling would likely be laid off.
The knowledge the OT "heard" is always powerful.
Posted on 9/24/15 at 1:23 pm to makinskrilla
Offshore projects aren't affected nearly as much as onshore, because they're way bigger ticket and longer term projects. Think about all the workers that cover the DJ Basin, Permian Basin, Eagle Ford, Marcellus, Utica, Bakken, etc. All the independents that operate in those fields are laying off tons of people.
Posted on 9/24/15 at 1:23 pm to tgrbaitn08
quote:
Cheaper gas for me > jobs of people I don't know
You're anti American
Selfishness is a pretty American virtue, and I agree with him. Cheaper gas affects my family. I hope that the people affected by layoffs properly considered Rick/Reward ratios and saved their money for a rainy day. There was enough historical data to show that this day was coming.
Posted on 9/24/15 at 1:23 pm to JJBTiger2012
Halliburton middle management is getting hit hard this week and next week
Posted on 9/24/15 at 1:24 pm to ColoradoAg03
quote:I never said they didn't
The independents are what drives the industry in America.
Posted on 9/24/15 at 1:24 pm to JJBTiger2012
quote:
If any are on here, prayers and good luck to you and your families.
What a nice thing to say. It's a rarity on the OT to read people saying nice things. My company has cut hours instead of laying people off. Of course with oil worker's "African American Rich" spending habits, they're still hurting.
Posted on 9/24/15 at 1:24 pm to BigPerm30
quote:
$600 ice chests.
Hey now. a Yeti is worth every penny.
Posted on 9/24/15 at 1:26 pm to Jim Rockford
With what you save on ice, it pays for itself.
Posted on 9/24/15 at 1:26 pm to anc
quote:
Cheaper gas affects my family
how much better is your life that you're saving $15-$30 a week?
You must be really really poor if saving $30 a week is worth thousands of people losing their jobs.
This post was edited on 9/24/15 at 1:27 pm
Posted on 9/24/15 at 1:26 pm to LSU8654722
quote:
Of course with oil worker's "African American Rich" spending habits, they're still hurting.
You're not racist much?
Posted on 9/24/15 at 1:28 pm to LSU316
quote:
I'm starting in this industry on Monday....DBA/Dev.
If they are hiring you at this position that seems to be the case. This is a good sign. Good luck at your new gig.
Posted on 9/24/15 at 1:28 pm to lsuguru
quote:
Halliburton middle management is getting hit hard this week and next week
Makes sense after engineers and operators got hit hard last week
Posted on 9/24/15 at 1:28 pm to BigPerm30
quote:
You're not racist much?
quote:
BigPerm30
Posted on 9/24/15 at 1:29 pm to tgrbaitn08
You don't want an extra $1500/yr?
Hell, that's 20 rounds of golf Baw.
Hell, that's 20 rounds of golf Baw.
Posted on 9/24/15 at 1:29 pm to SabiDojo
quote:Yeah, I thought about going into O&G law. Still a possibility one day I guess
I can relate because I remember the market tanked when I went to law school and it hasn't recovered much for attorneys.
quote:Thanks for the kind words
I pray and hope the best for anyone who is scared about being able to support themselves or their families. Hopefully things will get better soon.
Posted on 9/24/15 at 1:29 pm to JJBTiger2012
im feeling it in my business in BR to be honest. Do not ever hope for cheap gas in La boys.
Posted on 9/24/15 at 1:30 pm to ColoradoAg03
quote:
Offshore projects aren't affected nearly as much as onshore, because they're way bigger ticket and longer term projects.
I work for an OSV company. This does not seem to be the case. OSV companies are taking massive cuts in rates.
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