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re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 2:51 pm to La Place Mike
Posted on 12/22/14 at 2:51 pm to La Place Mike
quote:
Louisiana's economy will take a big hit.
It won't be bad at all for us down here.
3
Posted on 12/22/14 at 3:28 pm to MightyYat
quote:
quote:
Louisiana's economy will take a big hit.
It won't be bad at all for us down here.
how so?
oil goes down, big O&G companies aren't making big profits anymore. They don't make big profits, they don't keep expanding. They don't expand, contractors don't have as much work to do since projects are getting cancelled. Other local companies that sell equipment to O&G companies don't have new infrastructure to sell more equipment like valves, pumps, hvac, compressors, motors, seals, pipe, etc.
Posted on 12/22/14 at 3:49 pm to MightyYat
quote:
quote:
Louisiana's economy will take a big hit.
It won't be bad at all for us down here.
$30 Billion in new industrial work on the books for LA. Add to that the infrastructure, housing, retail, etc that goes along with that.
The market is looking up.
Posted on 12/22/14 at 4:02 pm to MightyYat
quote:What makes you say that?
It won't be bad at all for us down here.
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