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Message

re: Schlumberger announces 9000 job cuts due to low oil prices

Posted on 1/15/15 at 9:01 pm to
Posted by lsuhunt555
Teakwood Village Breh
Member since Nov 2008
38405 posts
Posted on 1/15/15 at 9:01 pm to
Wow I came to talk about layoffs and the looming O&G recession and got much more than I bargained for.
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 1/15/15 at 9:01 pm to
quote:

malvin


Put that shite in a different font.
Posted by dkreller
Laffy
Member since Jan 2009
30262 posts
Posted on 1/15/15 at 9:02 pm to
From what I understand of south Texas, they aren't slowing down drilling. They just aren't going horizontal. They're keeping the wells vertical for now and will produce as much as they can. When the price goes back up they'll set whip stocks and go horizontal and frac the shite out of it.
Posted by TimRiggins
Texas Forever
Member since Jul 2011
235 posts
Posted on 1/15/15 at 9:05 pm to
Soooo as a soon-to-be college grad I guess the internship I did with Schlumberger over winter break will not be resulting in a job like I was expecting.
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 1/15/15 at 9:06 pm to
quote:


because high oil prices led to a reason for companies to invest in something finally (shale production), and this led to the US becoming a net petro exporter? that has been the backbone of our economic recovery. that is why Texas has added more jobs since 2008 than every other state combined.

what other industry do you see emerging to replace petro?



more money in the pockets of consumers.. more money spent at businesses. less truck nuts. construction is booming in large areas of the country. consumer spending makes up roughly 2/3rds of our economy. more money in the pockets of consumers makes the actual backbone even stronger. let's drop taxes just a tiny bit.. time to rebuild americas infrastructure

This post was edited on 1/15/15 at 9:07 pm
Posted by lsuhunt555
Teakwood Village Breh
Member since Nov 2008
38405 posts
Posted on 1/15/15 at 9:08 pm to
ISWYDT
Posted by TimRiggins
Texas Forever
Member since Jul 2011
235 posts
Posted on 1/15/15 at 9:08 pm to
quote:

more money in the pockets of consumers.. more money spent at businesses. less truck nuts. construction is booming in large areas of the country. consumer spending makes up roughly 2/3rds of our economy. more money in the pockets of consumers makes the actual backbone even stronger. let's drop taxes just a tiny bit.. time to rebuild americas infrastructure



Where and where to apply?
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 1/15/15 at 9:10 pm to
quote:

resulting in a job like I was expecting


Yes, folding sweaters at the local mall. Keep ya chin up. The world needs ditch diggers.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 1/15/15 at 9:11 pm to
quote:

more money in the pockets of consumers.. more money spent at businesses.


quote:

Let's drop taxes



Bless your little heart
Posted by Rhino5
Atlanta
Member since Nov 2014
28897 posts
Posted on 1/15/15 at 9:12 pm to
Yes it will. It will last years. For four years companies have invented more fuel efficient vehicles while those Arabs drained us of cash via high gas prices
Posted by Thib-a-doe Tiger
Member since Nov 2012
35341 posts
Posted on 1/15/15 at 9:13 pm to
Cars have been getting more fuel efficient for 80 years
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 1/15/15 at 9:13 pm to
quote:

Where and where to apply


Right now most people are saying Florida / East Coast is about to boom. High rises from Miami to the Carolina's. Lot's of foreign money going to be invested because there isn't anywhere else to invest it. Not with any decent return.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167089 posts
Posted on 1/15/15 at 9:13 pm to
quote:


It's not a big deal. It can cause cervical cancer..that's about it I think.




quote:

Some sexually transmitted HPV types may cause genital warts


I consider genital warts a big deal
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 1/15/15 at 9:14 pm to
There's construction booms in Seattle, Philly, Oakland, DC, Denver, and many other areas.

Not to mention all the chemical plants that are coming up in Louisiana.
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 1/15/15 at 9:15 pm to
quote:


Where and where to apply?


Dallas, Nashville, Huntsville, Colorado and many many others. killin it.

unemployment gonna drop
This post was edited on 1/15/15 at 9:17 pm
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 1/15/15 at 9:18 pm to
quote:

Nashville


Without a doubt. You can't throw a rock downtown without hitting a massive job site. Hell, the whole metro area is booming.
Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 1/15/15 at 9:18 pm to
This thread delivers.
Posted by TimRiggins
Texas Forever
Member since Jul 2011
235 posts
Posted on 1/15/15 at 9:21 pm to
quote:

Dallas, Nashville, Huntsville, Colorado and many many others. killin it.

unemployment gonna drop


Awesome. I'm graduating in Construction Engineering Technology, but I had been banking on the SLB gig. I've got family that works for them and they make bank so naturally they swayed me to go O&G over everything.
Posted by Srbtiger06
Member since Apr 2006
28255 posts
Posted on 1/15/15 at 9:39 pm to
I'm not happy about this by any means, but this will put a good amount of people back in the "regular" workforce.

I have been with 2 different companies about an hour apart in the last 5 years. BOTH lost guys to oilfield work and could never find decent replacements. Oilfield pay is too good. You can't compete with it as a small local business or as a larger regional business.

Now we'll finally have some decent help
Posted by When in Rome
Telegraph Road
Member since Jan 2011
35537 posts
Posted on 1/15/15 at 9:42 pm to
quote:

Sin products according to when in Rome
1. I don't work for Fortune and didn't write that article

2. "Sin products" is an actual term. Sin Tax
quote:

A sin tax is a kind of sumptuary tax: a tax specifically levied on certain generally socially proscribed goods and services, for example alcohol and tobacco, candies, drugs, soft drinks, fast foods, coffee, and gambling.
I never knew that either, but hey, the more you know.
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