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re: Anyone else tired of listening to oil workers bitch about the cost of oil
Posted on 1/21/16 at 7:31 pm to northshorebamaman
Posted on 1/21/16 at 7:31 pm to northshorebamaman
quote:
My SonIL's are suffering greatly. They've gone from 200-220,000 a year to about 100,000 or less.
It's 100% their fault if they put themselves in a position where they can't live on $100K per year in the South.
0
Posted on 1/21/16 at 7:32 pm to cdaniel76
It simple comes down to what goes up must come down at an equal an opposite reaction.
There are jobs out there just not the jobs that will pay oil field cash.
People just have to cut their living expenses, sell off the big ticket items they cannot afford, maybe take the kids out of private school or work two jobs to pay for it,
probably take a position that pays a lot less even look for a side job, and even look at retraining for industries that are hiring.
There are jobs out there just not the jobs that will pay oil field cash.
People just have to cut their living expenses, sell off the big ticket items they cannot afford, maybe take the kids out of private school or work two jobs to pay for it,
probably take a position that pays a lot less even look for a side job, and even look at retraining for industries that are hiring.
Posted on 1/21/16 at 7:32 pm to cdaniel76
Relative to the hardships of all jobs? Meh. Oil field Baws need to flex chest and quit sobbing.
Posted on 1/21/16 at 7:33 pm to rocket31
quote:
in a way, all industries relies on oil in some form or another, so when oil prices go down, theoretically, that keeps the price of everything else nice and low ...which is absolutely great for the everyday consumer.
This is an excellent point, nobody is really talking about. There's mention of how low oil prices negatively affect other businesses related to oilfield. But at the same time, it positively effects almost every other business. The cost of doing business drops. Profits go up, people are hired, prices go down.
Either way, I don't feel good about people losing their job. It's sad. But the question I keep asking myself is this. Are more people helped, or hurt by low oil prices?
Posted on 1/21/16 at 7:35 pm to cdaniel76
Roughnecks and laborers are like that just like any other field that has roughnecks and laborers. You ever worked on a highway construction crew? Same shite. Ever worked on a shrimp boat? Same shite. Ever worked in a shipyard? Same shite. The list goes on and on.
Point being, for some reason that's the stereotype that gets hitched to upstream oil but it exists in every industry. Oil probably has a better ratio of thinkers to laborers than most others.
Point being, for some reason that's the stereotype that gets hitched to upstream oil but it exists in every industry. Oil probably has a better ratio of thinkers to laborers than most others.
Posted on 1/21/16 at 7:35 pm to rocket31
quote:
consumers saved over $115 billion in gas LAST YEAR alone,so thats a lot of saved money that can be spent elsewhere.
Except its not being spent elsewhere. A few studies have looked at consumer spending since the oil price crash and have shown that spending has not risen.
Posted on 1/21/16 at 7:36 pm to Festus
Other than gas, I haven't noticed the price of many other goods dropping. Corn is down and cattle prices are falling with it, but ground meat is still high as frick.
Posted on 1/21/16 at 7:37 pm to cdaniel76
It sucks for them that they are losing jobs but I seem to remember them laughing when the cost was high.
Posted on 1/21/16 at 7:38 pm to Makinbacon
quote:
Says the circle k clerk.
It's an Exxon On-The-Run. Get it right, you CENLA trash.
Posted on 1/21/16 at 7:39 pm to kywildcatfanone
It's funny you pretend to have any idea how expensive it is from transport, refine, & pay taxes for oil companies. Hard to decide who the biggest idiots in these threads are - the ones actually posting the ludicrous aforementioned diatribes on FB or people like you.
This post was edited on 1/21/16 at 7:45 pm
Posted on 1/21/16 at 7:40 pm to cdaniel76
Surely with gas prices plummeting the airlines will lower their prices as well right?
Posted on 1/21/16 at 7:41 pm to DownshiftAndFloorIt
quote:
Other than gas, I haven't noticed the price of many other goods dropping. Corn is down and cattle prices are falling with it, but ground meat is still high as frick.
Yeah, I haven't noticed any huge drop either. But I would think that it takes time for there to be a noticeable change. But even if prices don't drop substantially, wouldn't you think employers cost of doing business are dropping, which would result in possibly hiring more people? And higher profit margins for the majority of businesses?
Trust me, I'm no economist. Just seems like people only go on about one side of the coin, and ignore the other.
Posted on 1/21/16 at 7:41 pm to PhillyTiger90
quote:
Surely with gas prices plummeting the airlines will lower their prices as well right?
flights were cheaper last year than any other year in almost a decade, buddy boy
This post was edited on 1/21/16 at 7:42 pm
Posted on 1/21/16 at 7:42 pm to Festus
exactly.
Let's say the price of corn (just an example) drops significantly. People will rejoice over cheaper food but they're not thinking about the farmers who are taking the hit. It's ridiculous to ask people to feel differently about oil.
Let's say the price of corn (just an example) drops significantly. People will rejoice over cheaper food but they're not thinking about the farmers who are taking the hit. It's ridiculous to ask people to feel differently about oil.
Posted on 1/21/16 at 7:43 pm to rocket31
quote:Emphasis on theoretically. You know it's nothing like that in practice. There's been a price floor established and prices haven't dropped commensurate with their overhead deceases.
in a way, all industries relies on oil in some form or another, so when oil prices go down, theoretically, that keeps the price of everything else nice and low ...which is absolutely great for the everyday cons
Posted on 1/21/16 at 7:44 pm to GreatLakesTiger24
quote:
Let's say the price of corn (just an example) drops significantly. People will rejoice over cheaper food but they're not thinking about the farmers who are taking the hit. It's ridiculous to ask people to feel differently about oil.
probably a bad example because corn farmers get federal subsidies. They get paid to not grow corn sometimes
Posted on 1/21/16 at 7:44 pm to GreatLakesTiger24
Corn did fall pretty drastically
Just making conversation baw
But yeah agriculture is mostly not free-market
Just making conversation baw
But yeah agriculture is mostly not free-market
This post was edited on 1/21/16 at 7:45 pm
Posted on 1/21/16 at 7:45 pm to Sao
I agree during the housing market crash I prepared my hardware stores a few years before. I thought 2005 would be the year which I was wrong. It hit around 2007 and luckily, I trimmed the fat in 2005 and shuffled people around. I retrained
a few employees as appliance or outdoor power equipment techs, and moved the business from sales to more of a service company. In down economy people remodel and repair over buying new items. To stay successful you always have to change with the opportunities or go under.
In 1980 my father was laid off due to oilfield crash and he did appliance repair on the side. He finally went full time and never looked back. He wasn't rich but he kept food on the table, roof over our heads, and he did ok for himself. He loved what he did and enjoyed his life better than when he worked in the oilfield.
a few employees as appliance or outdoor power equipment techs, and moved the business from sales to more of a service company. In down economy people remodel and repair over buying new items. To stay successful you always have to change with the opportunities or go under.
In 1980 my father was laid off due to oilfield crash and he did appliance repair on the side. He finally went full time and never looked back. He wasn't rich but he kept food on the table, roof over our heads, and he did ok for himself. He loved what he did and enjoyed his life better than when he worked in the oilfield.
This post was edited on 1/21/16 at 7:48 pm
Posted on 1/21/16 at 7:45 pm to Festus
The farmers I know are loosing right now but not nearly as bad as the oil guys.
I'm far from any kind of economist. I just know I'm making way less money and shite ain't getting any cheaper
I'm far from any kind of economist. I just know I'm making way less money and shite ain't getting any cheaper
Posted on 1/21/16 at 7:47 pm to GreatLakesTiger24
quote:
People will rejoice over cheaper food but they're not thinking about the farmers who are taking the hit. It's ridiculous to ask people to feel differently about oil.
bad example
farmers get paid no matter what
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