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Started By
Message
re: Boom to bust: Crude oil costing families
Posted on 2/23/16 at 10:37 am to Topwater Trout
Posted on 2/23/16 at 10:37 am to Topwater Trout
I'm gonna offer to pay $4/gallon starting the next time I fill up.
2
Posted on 2/23/16 at 10:37 am to RedRifle
Even as a supporter of higher oil prices, I hate these threads
Posted on 2/23/16 at 10:38 am to RedRifle
Just curious, did you start a similar thread about families in the newspaper business as many of those companies went under? I assume not. Oil and gas is volatile. Employees need to protect themselves for downturns.
Posted on 2/23/16 at 10:38 am to Schwartz
quote:
Work in a volatile field, and this is what happens. It's not news. It's the way that business works.
I understand your sentiment, but if you would engage some of that critical thinking to see a little further than two inches in front of your face, you would understand that the oil bust doesn't just affect people directly employed by O&G companies, but the entire community.
I mean fricking hell, it's right there in the OP:
quote:
"I have not made a profit off the bar since June," Lori Broussard explains.
Are your feelings calloused to this bar owner b/c a large portion of her patrons are employed by the oilfield, and her business is tied to O&G by proxy?
Posted on 2/23/16 at 10:38 am to RedRifle
quote:
A year ago, Merlin Price Jr. was working as a safety engineer on an oil rig in south Texas. Like many in Morgan City, offshore work was all he knew; He'd been doing it for 35 years.
Sounds like old Merlin needs to work on his retirement planning...
I feel bad for the young and mid career guys who are getting laid off but shite 35 years in the oil industry should've netted some pretty good years compensation wise.
Posted on 2/23/16 at 10:38 am to RedRifle
it's the way oil field work has been since the beginning of time. Same with construction workers, and even chemical plant workers. I don't have the energy to feel sorry for anyone in that situation. when i was laid off years ago i did what i had to do to make ends meet, and those guys will too. I'm still happy gasoline is a buck fifty, and i hope it goes lower.
Posted on 2/23/16 at 10:38 am to tigersownall
quote:
When other industries start to become affected people will see.
It doesn't take long. My business in South Louisiana has slowed and I'm not directly tied to the oilfield.
Posted on 2/23/16 at 10:39 am to RedRifle
almost an entire page of replys without the mention of truck nuts. I am impressed.
Posted on 2/23/16 at 10:39 am to BRgetthenet
quote:
I'm gonna offer to pay $4/gallon starting the next time I fill up.
sounds like a plan...should we start a go fund me?
I will protest and make some signs...Hell no gas is too low
Posted on 2/23/16 at 10:40 am to RedRifle
hwy 90 is about to get hit with a freight train if it hasn't already gotten it.
Posted on 2/23/16 at 10:40 am to Schwartz
quote:
It's the way that business works in a volatile field
OP, cry me a river. You oilfield peeps made your bed, now lie in it. You made two to three times the money for people that do similar jobs in other fields and rubbed everyone's noses in it while it was good but you were too dumb to realize that you might need to save for a rainy day. Now is the time to taste your own medicine.
Posted on 2/23/16 at 10:40 am to RedRifle
(no message)
This post was edited on 8/8/20 at 10:30 am
Posted on 2/23/16 at 10:41 am to RedRifle
I could say the same about state workers and low taxes.
Posted on 2/23/16 at 10:41 am to Big Saint
quote:
Sounds like old Merlin needs to work on his retirement planning
Exactly what I was thinking.
I can't get over how many of the oil field workers' wives sit at home and don't work. People need to plan a little better.
Posted on 2/23/16 at 10:42 am to TexasTiger39
quote:
To me, people that focus on the benefit of low gas prices and the volatility of the industry need to read up on how world economics are doing, the stock market, etc.
I'd be shocked if you could tell me the chairman of the Federal Reserve.
Posted on 2/23/16 at 10:42 am to NewIberiaHaircut
(no message)
This post was edited on 8/8/20 at 10:30 am
Posted on 2/23/16 at 10:42 am to RedRifle
That line of work is a big up and down cycle. Anyone in that business understands this or should when deciding to make that line of work their career and means of living.
The smart ones saved for a raining day while others not so much.
The smart ones saved for a raining day while others not so much.
Posted on 2/23/16 at 10:42 am to TexasTiger39
quote:
To me, people that focus on the benefit of low gas prices and the volatility of the industry need to read up on how world economics are doing, the stock market, etc.
this is too much thought for the OT
truck nut jokes is about as far as the OT thinks on this topic
Posted on 2/23/16 at 10:42 am to RedRifle
How the frick can you assholes downvote this
Posted on 2/23/16 at 10:42 am to Schwartz
quote:
and will ride it out without issue.
Without issue? Not having income, unless you are independently wealthy, is an issue.
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