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Started By
Message
re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 7:31 pm to waderichey
Posted on 12/22/14 at 7:31 pm to waderichey
quote:
get a real job
What exactly is a "real job", since oil field doesn't count?
This post was edited on 12/22/14 at 7:34 pm
0
Posted on 12/22/14 at 7:34 pm to MrLSU
Exactly
Oil & gas left New Orleans a long time ago
Oil & gas left New Orleans a long time ago
Posted on 12/22/14 at 7:40 pm to waderichey
Go back to working on your screenplay at Starbucks
This post was edited on 12/22/14 at 7:45 pm
Posted on 12/22/14 at 7:40 pm to yellowfin
quote:
Oil & gas left New Orleans a long time ago
Yep, New Orleans is based on the port and tourism now.
Posted on 12/22/14 at 7:41 pm to MrLSU
I'm pretty worried about Houma. My old company is rocking right now though.
Posted on 12/22/14 at 7:57 pm to waderichey
quote:
also, these people making 80-100k in these bullshite oil jobs knew it wouldn't last. get a real job
Such as?
Posted on 12/22/14 at 7:58 pm to jennyjones
quote:
Such as?
Amway
Posted on 12/22/14 at 7:59 pm to jennyjones
quote:
Such as?
Laborers, which I am pretty sure you can be mentally retarded and still get a job as, are making $18-$24 per hour here in Lake Charles right now.
Posted on 12/22/14 at 8:00 pm to jennyjones
quote:
Such as?
Exactly a job is a job. Put food on the table, pay taxes and don't suck off the government. I don't care what a person does for a living. As long as they show up and do their best.
Posted on 12/22/14 at 8:00 pm to Paul Allen
quote:
What exactly is a "real job", since oil field doesn't count?
its a real job that should pay 40 not 80
Posted on 12/22/14 at 8:00 pm to stout
quote:
Laborers, which I am pretty sure you can be mentally retarded and still get a job as, are making $18-$24 per hour here in Lake Charles right now.
But wouldn't those be oil/gas related?
Posted on 12/22/14 at 8:02 pm to glassman
quote:
Exactly a job is a job
I am not knocking someone working, but there is no doubt the current labor market prices are inflated due to the current state of O&G. There will be a correction soon though if prices stay low.
Posted on 12/22/14 at 8:05 pm to jennyjones
Probably a college grad making 35k jealous of guys making 80k with a high school diploma.
Posted on 12/22/14 at 8:05 pm to stout
quote:
am not knocking someone working,
I know you aren't.
quote:
but there is no doubt the current labor market prices are inflated due to the current state of O&G. There will be a correction soon though if prices stay low.
It is the market in play. There will be less workers doing more and wages might not go down as much. Saving on health insurance, 401K matching and the like are incentives for cuts. Going to be interesting to see how it plays out.
Posted on 12/22/14 at 8:05 pm to yellowfin
quote:
Probably a college grad making 35k jealous of guys making 80k with a high school diploma.
I see this a lot. Mostly amongst teachers.
Posted on 12/22/14 at 8:12 pm to stout
The situation with the oil price downturn is in no way hurting the LNG market. There are several large projects now here and on our site we have over 4000 people working.
Pipe fitters, welders, millwrights and instrumentation...etc, can easily get jobs in LNG if the oil jobs are slow.
Pipe fitters, welders, millwrights and instrumentation...etc, can easily get jobs in LNG if the oil jobs are slow.
Posted on 12/22/14 at 8:16 pm to yellowfin
quote:
Probably a college grad making 35k jealous of guys making 80k with a high school diploma.
Agreed. Those guys go out and bust their arse. Have you ever worked in a plant? Worked a turnaround? I did it for a couple of months for training. It's an eye opening experience.
This post was edited on 12/22/14 at 8:18 pm
Posted on 12/22/14 at 8:17 pm to MrLSU
quote:
on't impact New Orleans because back in 84 the Oil & Gas industry made up 36% of the labor force today it makes up 6%. It will impact Lafayette, Morgan City, Houma, Lake Charles, and even more so Baton Rouge. B
I never said anything about New Orleans.
However, I was living in new Orleans in 1985 during the bust and my dad was laid off.
Posted on 12/22/14 at 8:17 pm to Bushmaster
But the problem is no new exploration/production.
Gas is ~$3.75 an mcf. Operators don't make money at that price.
This downturn is going to be worse (for South Louisiana) than people are willing to prepare for.
Gas is ~$3.75 an mcf. Operators don't make money at that price.
This downturn is going to be worse (for South Louisiana) than people are willing to prepare for.
Posted on 12/22/14 at 8:17 pm to stout
quote:
Look for some of these large scale plants they are building to be cancelled or reduced in scope. Lake Charles may really be hit very hard in that sense.
Not really
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