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Started By
Message
re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 10:21 pm to waderichey
Posted on 12/22/14 at 10:21 pm to waderichey
quote:
i'm an attorney and make 6 figures
People like you are who give attorneys that are good people a bad rap
0
Posted on 12/22/14 at 10:23 pm to OFWHAP
quote:
It'll be awesome seeing all the layoffs in LA and TX. It'll also be awesome seeing all the developers go bankrupt on all the new high rises they're building in Houston.
Why would this be awesome?
Posted on 12/22/14 at 10:28 pm to Spirit of Dunson
quote:
shite was going down as early as 2007.
Nah, oil was rising during 07
Posted on 12/22/14 at 10:29 pm to BuckheadBetty
quote:
Nah, oil was rising during 07
He was talking about the economy, dummy.
Posted on 12/22/14 at 10:37 pm to waderichey
quote:
just don't think uneducated lafayette mudbugs that drink natty and take roids should make 80.
An attorney that looks down his nose at ordinary working people? I don't believe it.
Posted on 12/22/14 at 10:39 pm to reverendotis
quote:
An attorney that looks down his nose at ordinary working people? I don't believe it.
I bet he has no problem taking that undeserved money from those mudbugs when they seek his services.
Posted on 12/22/14 at 10:39 pm to stout
quote:
stout
just another frickstick around here
Posted on 12/22/14 at 10:41 pm to BuckheadBetty
Not my fault your reading comprehension sucks.
Posted on 12/22/14 at 10:41 pm to stout
I haven't read this thread, but I have a question. Is the sanctions imposed on Russia contributing any the the reduction in the price of oil? Isn't oil over 50% of Russia's revenue?
Posted on 12/22/14 at 10:45 pm to stout
quote:
I bet he has no problem taking that undeserved money from those mudbugs when they seek his services.
I bet he doesn't have to worry much about getting killed at work either.
I bet he thinks the 128 souls mentioned below wouldn't have traded their 80k jobs for another moment with their wives and children.
quote:
During 2003–2010, the U.S. oil and gas extraction industry (onshore and offshore, combined) had a collective fatality rate seven times higher than for all U.S. workers (27.1 versus 3.8 deaths per 100,000 workers). A total of 128 fatalities occurred in activities related to offshore oil and gas operations in the United States, an average of 16 per year. All but one fatality occurred in Gulf of Mexico operations.
Posted on 12/23/14 at 12:02 am to waderichey
quote:
don't even get me started on the military. they are just mostly just wards of the state that get paid do nothing, especially officers
Easy there cowboy. You realize there are doctors and lawyers in the military you dumb frick. Guess those aren't real jobs.
Posted on 12/23/14 at 12:06 am to waderichey
quote:
wrong, i'm an attorney and make 6 figures. just don't think uneducated lafayette mudbugs that drink natty and take roids should make 80. don't even get me started on the military. they are just mostly just wards of the state that get paid do nothing, especially officers
I'm an attorney with a lot of good years logged in, so I can say this. Work on that professionalism, sonny boy.
Posted on 12/23/14 at 2:41 am to Hermit Crab
quote:
up until the mid 2000's the oil price was never high enough to crash $40. Lets use percentage drops to see how many times this big of a drop has happened.
Someone gets it.
I'm old enough to remember when independent producers got rich of 36/barrel oil, and it's not like a hundred
Posted on 12/23/14 at 2:51 am to stout
quote:
Ummm...lolno. The subrime mess lead to the housing bubble popping.
not quite Einstein...the sub prime mess CREATED the housing bubble, what caused it to 'pop' was the increase in costs of food and fuel....those who had borrowed more than they could afford had zero cushion to absorb the increased commodity costs and began defaulting on loans...the pop
you're out of your league here junior
Posted on 12/23/14 at 6:09 am to yankeeundercover
At $40 a barrel we will be right in line with 2003. Maybe we will win a national championship again!!!
Posted on 12/23/14 at 6:24 am to brodys_lettuce
I see a collapse of the oil market happening at the same time that social and racial chaos are taking over. Perfect storm.
Posted on 12/23/14 at 8:11 am to genuineLSUtiger
Do yall not forget that oil was about $12 barrel back in 97/98?
Posted on 12/23/14 at 8:49 am to waderichey
quote:
uneducated lafayette mudbugs that drink natty and take roids should make 80
One "uneducated Lafayette mudbug" doing an honest days work, is worth a dozen ambulance chasing leaches.
quote:
military. they are just mostly just wards of the state that get paid do nothing, especially officers
This quote alone speaks volumes about the liberal mentality of lawyers
Posted on 12/23/14 at 9:24 am to waderichey
quote:
just don't think uneducated lafayette mudbugs that drink natty and take roids should make 80.
So you think someone that works 12hr shifts and gone from their family 6 months out of the year, including holidays, anniversaries and birthdays should be paid less? While he may be uneducated, he makes up for it with common sense and the ability to problem solve. You have no clue how much intelligence it takes to run a 600 million dollar drilling rig. This is a job that douche bags like you wouldn't last 12hrs in.
BTW I don't make 80k a year I make 3 times that.
As far as the oil prices go, I think OPEC is shooting themselves in the foot. The reserves here in the USA are not going away. Sooner or later they will be used. IMO this will help the economy overall but yeah it will hurt the oil industry for a few years.
Posted on 12/23/14 at 9:27 am to yankeeundercover
quote:
That was second to last time, brah.
the second time was for different reasons. my point was to show the similarities btw the '86 correction and this one
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