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Started By
Message
A lot of our state revolves around the oil sector. What are your thoughts on these?
Posted on 3/17/20 at 7:38 am
Posted on 3/17/20 at 7:38 am
How do you think they will hold out with the price of oil and their stock prices continuing falling? Will they Hold onto employees? Will this lead to kicking out unions?
4
Posted on 3/17/20 at 7:44 am to Tigerbloodforever
quote:
Will they Hold onto employees?
I knnow 5 people that have already been laid off. I have a buddy that owns a company that supplies oil and gas with valves for their rigs. He won't make it if this goes longer than 3 months. Shitty thing is he was just coming back from the last fallout from a few years ago.
Posted on 3/17/20 at 7:52 am to lsufan1971
LA gets fricked every time oil prices go down. We are not diversified enough, nor large enough, to weather it like Texas.
Posted on 3/17/20 at 8:03 am to saints5021
quote:
We are not diversified enough, nor large enough, to weather it like Texas.
So when we (Texas) decide we've had enough and go back to being independent, Louisiana will have two options:
1. Merge with us.
2. Become a client state.
Posted on 3/17/20 at 8:13 am to Tigerbloodforever
A buddy owns an O&G staffing & recruiting firm. His contacts at the majors have told him there is a giant lay off coming at almost everyone of them.
Posted on 3/17/20 at 8:29 am to Quidam65
Both better than the status quo
Posted on 3/17/20 at 8:30 am to Quidam65
quote:
So when we (Texas) decide we've had enough and go back to being independent, Louisiana will have two options:
1. Merge with us.
2. Become a client state.
Posted on 3/17/20 at 8:34 am to Tigerbloodforever
I know Louisiana doesn’t really have any other options, but O&G is historically a cyclical business that will always have major ups and downs. I really don’t feel much sympathy for those that get laid off in the downs, just like I don’t feel much sympathy for the snowball stand that has to close in September. You know what you’re getting when you jump in.
Posted on 3/17/20 at 8:34 am to Tigerbloodforever
Louisiana is truly a butthole state.
Posted on 3/17/20 at 8:35 am to Mid Iowa Tiger
Everyone of them as in big oil? Actual Company employees?
Posted on 3/17/20 at 9:09 am to Tigerbloodforever
From what he said, contractors will be hardest hit, but employees will be going too. Both big oil and big related like Schlumberger.
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