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Posted on 12/22/14 at 6:03 pm to tgrbaitn08
quote:
I assume none of you young bucks were around in '84
You know what they say about assuming. I was around in '84. Got my permit in '85. I had a VW Rabbit...loved that car. I remember filling it up for $10.00. Those were the days.
Posted on 12/22/14 at 7:15 pm to tgrbaitn08
quote:
The Last Time The Price Of Oil Crashed Like This?
I assume none of you young bucks were around in '84.
Won'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. Baton Rouge is a government employee town and with the loss of revenue the state will be laying off tens of thousands. A lot of consolidation to Houston will take place again as more companies migrate out of Louisiana to Texas in the O&G industry to withstand the price war.
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