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Message

re: Texas economy is cratering

Posted on 3/31/15 at 11:26 am to
Posted by Veritas
Raleigh, NC
Member since Feb 2005
6171 posts
Posted on 3/31/15 at 11:26 am to
Whatever you are doing state of Texas, just keep on procuring SDDC solutions.
Posted by Oates Mustache
Member since Oct 2011
22016 posts
Posted on 3/31/15 at 11:26 am to
What's untrue about that? Read any thread on this topic and it sticks out like a sore thumb. There's no logical reasoning behind laughing at people losing their jobs. It's funny to say "look at there Jim Bob selling his jacked up F250" because he lost his job?

I'd love to get a survey going of what other people in here drive and the cost of those vehicles. People on this site have a hatred for O&G guys, especially ones that work out in the field. The insecurity oozes from their posts.
Posted by Scrowe
Louisiana
Member since Mar 2010
2926 posts
Posted on 3/31/15 at 11:36 am to
quote:

Take some CAD classes and get hired immediately as a Piping Designer at $30/hr


Takes more than just doing CAD classes to become a Piping Designer. You will start as a draftsman first just doing pick up work, but if you have ambition it doesn't take incredibly long to get your pay over 30 bucks an hour.
Posted by TigerHam85
59-024 Kamehameha Highway
Member since Nov 2009
31493 posts
Posted on 3/31/15 at 11:39 am to
Is it funny that I'm in O&G and drive a Ford Fusion?
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47117 posts
Posted on 3/31/15 at 11:40 am to
Entry level Piping Designer 1 start around $30/hr.
Posted by Scrowe
Louisiana
Member since Mar 2010
2926 posts
Posted on 3/31/15 at 11:45 am to
quote:

Entry level Piping Designer 1 start around $30/hr.


Piping designer 1 means you can actually design, CAD classes give you 0 experience designing. A pipe designer 1 has to have experience as a draftsman first.
Posted by Oates Mustache
Member since Oct 2011
22016 posts
Posted on 3/31/15 at 11:45 am to
I actually like the Fusions. They look like Aston Martin's.
Posted by The Mick
Member since Oct 2010
43038 posts
Posted on 3/31/15 at 11:47 am to
Oil was this low in 2009 and by 2011 it was back over $100/barrel. Cyclical like everything else.
Posted by Restomod
Member since Mar 2012
13493 posts
Posted on 3/31/15 at 11:48 am to
quote:

What's untrue about that? Read any thread on this topic and it sticks out like a sore thumb. There's no logical reasoning behind laughing at people losing their jobs. It's funny to say "look at there Jim Bob selling his jacked up F250" because he lost his job?

I'd love to get a survey going of what other people in here drive and the cost of those vehicles. People on this site have a hatred for O&G guys, especially ones that work out in the field. The insecurity oozes from their posts.


Maybe it's the stereotype of many oil field workers, lots bring the mockery upon themselves. Many live paycheck to paycheck, live like rockstars and when layoffs happen they cry a river. Many O&G guys are quick to boast their income and lack of education to those who were "duped" in getting a college education.

But you're right, I'm jealous and wish I was them.
Posted by Oates Mustache
Member since Oct 2011
22016 posts
Posted on 3/31/15 at 11:50 am to
I'm pretty sure I didn't single you out, maybe you should focus on reading comprehension. These threads on this site have insecurity and generalization written all over them.
Posted by Overbrook
Member since May 2013
6069 posts
Posted on 3/31/15 at 11:57 am to
Yes we pay a gas tax, but that doesn't even come close to recouping the subisidies that the government gives to the Oil & GAs industry via special tax breaks and deregulation of externalities (Jindal said explicitly that the taxpayers should pay 100% of the cost of coastal restoration and the oil companies not a penny - just to name one externality. That's some good free market economics there, Mr Conservative).

Of course the consumers have benefited in the short term from the massive subsidies. But it has also skewed the market price, retarding the research and development of alternate energy, as alternates are less financially rewarding than it would be were oil and gas not subsidized.
I will also point out that Texas has far more social programs, broader social programs and much better funded social programs than does Louisiana.
Posted by TigerHam85
59-024 Kamehameha Highway
Member since Nov 2009
31493 posts
Posted on 3/31/15 at 11:59 am to
I bet I have more degrees than you do
Posted by Restomod
Member since Mar 2012
13493 posts
Posted on 3/31/15 at 12:13 pm to
quote:

I bet I have more degrees than you do


OK...

Why so defensive?
Posted by Restomod
Member since Mar 2012
13493 posts
Posted on 3/31/15 at 12:16 pm to
quote:

I'm pretty sure I didn't single you out, maybe you should focus on reading comprehension. These threads on this site have insecurity and generalization written all over them.


No, you didn't single me out.

But as the only male in my family not in O&G, I know the people quite well and not all are stereotypical. My father retired for Shell after 35 years, so I have no ill will towards O&G workers.
This post was edited on 3/31/15 at 12:18 pm
Posted by ragincajun03
Member since Nov 2007
21099 posts
Posted on 3/31/15 at 12:24 pm to
quote:

subisidies that the government gives to the Oil & GAs industry


What subsidies do oil companies receive?

quote:

via special tax breaks


There's a difference between a tax break and a subsidy.
Posted by TigerHam85
59-024 Kamehameha Highway
Member since Nov 2009
31493 posts
Posted on 3/31/15 at 12:24 pm to
Defensive? you said

quote:

O&G guys are quick to boast their income and lack of education to those who were "duped" in getting a college education.


Every O&G person I know personally is highly educated, actually.
Posted by cardboardboxer
Member since Apr 2012
34330 posts
Posted on 3/31/15 at 12:27 pm to
quote:

Maybe it's the stereotype of many oil field workers, lots bring the mockery upon themselves. Many live paycheck to paycheck, live like rockstars and when layoffs happen they cry a river. Many O&G guys are quick to boast their income and lack of education to those who were "duped" in getting a college education.


Oil field workers are basically the same guys who were getting overpaid to build cars in a union up in 1960's Detroit. They are people who are basically uncompetitive in a global sense, so they rely on a task that cannot be outsourced to make a good living.

I agree with you their lifestyle, or their justification of a lack of education, is often ridiculous. But I would rather have these people working, rather than what happens to the same worker in 2015's Detriot (namely living off entitlements).
Posted by LoveThatMoney
Who knows where?
Member since Jan 2008
12268 posts
Posted on 3/31/15 at 12:38 pm to
quote:

They are people who are basically uncompetitive in a global sense, so they rely on a task that cannot be outsourced to make a good living.


You make it sound like they are scum. The truth is, education isn't for everyone. As the old saying goes, "The world needs ditchdiggers, too." Truth is, though, that the manufacturing industry has a dearth of young, skilled workers, so if someone wants to go into a fairly stable field and make roughly $100k by the time he or she is 25 to 27 years old, he or she can go get an associates degree or other vocational training and be working with robotic and other heavy machinery manufacturing while his or her friends are busy accumulating debt.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 3/31/15 at 12:41 pm to
LINK /

"Updated March 26, 2015

Job growth, sales tax collections and building permits all signal that the Texas economy continues to outpace the national economy."
Posted by TigerBait1127
Houston
Member since Jun 2005
47336 posts
Posted on 3/31/15 at 12:42 pm to
quote:

Updated March 26, 2015

Job growth, sales tax collections and building permits all signal that the Texas economy continues to outpace the national economy."



Did you read what you posted?

I don't think those numbers would be impacted much in December and January
This post was edited on 3/31/15 at 12:44 pm
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