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re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 7:15 pm to tgrbaitn08
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.
3
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 7:41 pm to MrLSU
I'm pretty worried about Houma. My old company is rocking right now though.
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.
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