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Started By
Message
re: Crude below $50
Posted on 1/6/15 at 7:00 pm to Clyde Tipton
Posted on 1/6/15 at 7:00 pm to Clyde Tipton
quote:
Time to buy some cheap oil stocks!
Not just yet!! But sooner or later if it stays down! MUahahahaha
Maybe buy some production when some of these folks that went all in on some production and paid waaaaaaaay too much because "oil will NEVER go below $100/barrel again!!!" go belly up.
0
Posted on 1/6/15 at 7:01 pm to gaetti15
So no more stickers like "Oilfield trash making oilfield cash" 
Posted on 1/6/15 at 7:02 pm to Weaver
quote:
So no more stickers like "Oilfield trash making oilfield cash"
I saw one of those the other day and about crashed into the bayou
Posted on 1/6/15 at 7:02 pm to fightin tigers
Your first statement i quoted shows an obvious lack of understanding of the last.
This post was edited on 1/6/15 at 7:03 pm
Posted on 1/6/15 at 7:06 pm to Weaver
quote:
So no more stickers like "Oilfield trash making oilfield cash"
Most of them will be fine, this is not going to last that long. Rig will be back to work before the unemployment runs out.
Posted on 1/6/15 at 7:08 pm to cave canem
quote:
Most of them will be fine, this is not going to last that long. Rig will be back to work before the unemployment runs out.
this is another reason why I can't understand some of the complaining I have heard...
of course that could be because I know a lot of people in the oil and gas industry that have a wife/kid/multiple nice things.
Wife also doesn't work for a living.
Those types of people are set up for a heartbreak if they don't have a backup plan
Posted on 1/6/15 at 7:11 pm to fightin tigers
I'm learning to weld since it's only the most useful skill ever. Other than sex
Posted on 1/6/15 at 7:11 pm to gaetti15
quote:
haven't either, but I just would think that of all of the work forces in the world, that the O&G industry workers would realize this more than anyone
Even in down years of O&G there was plenty of money to be made.
It isn't just Bubba's that get caught in it. New Orleans has plenty of skyskrapers from the 70's that still stand vacant due to belief it would last forever. Even highly educated people don't want to believe their industries are one decision away from vanishing.
Posted on 1/6/15 at 7:13 pm to GreatLakesTiger24
quote:
Your first statement i quoted shows an obvious lack of understanding of the last.
So you believe that somehow O&G workers have found a way to circumvent the laws of supply and demand
Posted on 1/6/15 at 7:13 pm to Nado Jenkins83
If you can fix one crack, you can fix 'em all.
Posted on 1/6/15 at 7:14 pm to fightin tigers
quote:
fightin tigers
I agree.
I guess I will chalk it up to the fact that some people on my facebook feed are trash
Posted on 1/6/15 at 7:17 pm to gaetti15
quote:
Wife also doesn't work for a living.
quote:
Those types of people are set up for a heartbreak if they don't have a backup plan
I never get this in any line of work. Especially if you run the risk of losing a license or certification in your job.
An engineer is great, but frick up and lose your license you won't have people lining up to hire you. Same goes for a lawyer. The job you take will no doubt be for less money.
Posted on 1/6/15 at 7:18 pm to fightin tigers
quote:
I never get this in any line of work. Especially if you run the risk of losing a license or certification in your job.
some bitches just don't want to work
Posted on 1/6/15 at 7:19 pm to gaetti15
quote:
guess I will chalk it up to the fact that some people on my facebook feed are trash
We all have them.
Posted on 1/6/15 at 7:20 pm to gaetti15
quote:
some bitches just don't want to work
Went to LSU to get the MRS
Posted on 1/6/15 at 7:33 pm to fightin tigers
no, they're feeling their wrath. and it's a good thing for most americans.
Posted on 1/6/15 at 7:35 pm to GreatLakesTiger24
quote:
no, they're feeling their wrath.
So they worked hard and produced lots of oil so there is excess supply now? I guess we agree.
Posted on 1/6/15 at 7:39 pm to Weaver
Saw one the other day that said "Spoiled Oilfield Wife" on a jacked GMC. Platinum blonde with bolt ons.
I mean, I hate for anyone to lose a job. Oil field jobs are good paying and hard working. But a couple of things:
1. Even where we are now, the price is still higher than it was 10-15 years ago.
2. Surely ExxonMobil et al are not so naive. These companies have been screaming "drill baby drill" for decades. We've ramped up production and are now the world's largest producer. So surely they didn't think the Saudis would just sit back and allow themselves to lose market share.
And I fail to see how the US having a more powerful position in the world market is a bad thing. The big companies might have to scale back for a little while, but we aren't going to see the industry collapse. Gas will be cheap, disposable income will be up, demand will increase.
I mean, I hate for anyone to lose a job. Oil field jobs are good paying and hard working. But a couple of things:
1. Even where we are now, the price is still higher than it was 10-15 years ago.
2. Surely ExxonMobil et al are not so naive. These companies have been screaming "drill baby drill" for decades. We've ramped up production and are now the world's largest producer. So surely they didn't think the Saudis would just sit back and allow themselves to lose market share.
And I fail to see how the US having a more powerful position in the world market is a bad thing. The big companies might have to scale back for a little while, but we aren't going to see the industry collapse. Gas will be cheap, disposable income will be up, demand will increase.
Posted on 1/6/15 at 7:39 pm to fightin tigers
quote:
. New Orleans has plenty of skyskrapers from the 70's that still stand vacant due to belief it would last forever
What?
Posted on 1/6/15 at 7:44 pm to glassman
quote:
What?
Plenty might be a stretch, but there are a lot of buildings in the CBD that struggled to get tenants after the oil bust. The buildings were damn near brand new then.
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