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3
Posted on 7/14/15 at 10:32 pm to 90proofprofessional
quote:
What if price goes under the breakeven point for most plays? $10/bbl?
Or economy suffers, unemployment increases, and lots of trucks get traded in for higher mpg cars.
But, but, but lower gas and this asshat with an oilfield mafia sticker on his f250 laughed at my camry.
Sounds childish when put into that context, right?
This post was edited on 7/14/15 at 10:33 pm
Posted on 7/14/15 at 10:34 pm to Real Pirate
Sorry Pirate there's been some shitty responses to my position here. 
I was referring to non oilfield rates. I know iron workers were billing me out at $53/hr recently and you've got to subtract burden and profit from those rates, so I figure somewhere around $25 -$30 actual wages. That is not horrible money.
I was referring to non oilfield rates. I know iron workers were billing me out at $53/hr recently and you've got to subtract burden and profit from those rates, so I figure somewhere around $25 -$30 actual wages. That is not horrible money.
Posted on 7/14/15 at 10:37 pm to elprez00
quote:
Sorry Pirate there's been some shitty responses to my position here.
All good brother, I'm thick skinded
quote:
I was referring to non oilfield rates. I know iron workers were billing me out at $53/hr recently and you've got to subtract burden and profit from those rates, so I figure somewhere around $25 -$30 actual wages. That is not horrible money.
That's probably an accurate guess to the wage of a structural welder staying close to home. In PA 4 years ago a structural welder made closer to the $45 mark. But, that's with $175/day per diem, plus or minus.
Posted on 7/14/15 at 10:39 pm to 90proofprofessional
quote:
What if price goes under the breakeven point for most plays? $10/bbl?
You would probably be looking at shut ins on producing wells in lots of places. Rig count would be horrific. There is almost no supply that can work at $10 per barrel and lifting costs exceed that in almost everything in the us I would think. Even Saudi Arabia is likely higher than that now as ghawar is getting really old.
Posted on 7/14/15 at 10:40 pm to elprez00
quote:Meh, its not anything to write home about either
Pulling in $1200 wk plus overtime is not exactly chump change.
Posted on 7/14/15 at 10:44 pm to TigerTatorTots
Agreed, but that's close to what most of these guys make starting out in this field.
However, being home with family and making that money is a completely different story imo.
However, being home with family and making that money is a completely different story imo.
Posted on 7/14/15 at 10:50 pm to TigerTatorTots
$1200/wk is $62k per year. That's better than a lot of folks.
I guess my beef is you have people whining on Facebook about making "only" $62k per year. There are people out there that really can't find work.
I guess my beef is you have people whining on Facebook about making "only" $62k per year. There are people out there that really can't find work.
Posted on 7/14/15 at 10:51 pm to Real Pirate
quote:
Sounds childish when put into that context, right?
Wanting cheap energy is anything but childish IMO.
Posted on 7/14/15 at 10:52 pm to 90proofprofessional
Gas is cheap as shite compared to your other options. Rock on
Posted on 7/14/15 at 10:53 pm to 90proofprofessional
quote:
Wanting cheap energy is anything but childish IMO.
Then you should move to the Philippines you fricking hippie. I hear they have free energy there.
Jesus, we let you people get married now you want free this and free that.
Posted on 7/14/15 at 10:54 pm to 90proofprofessional
quote:
What if price goes under the breakeven point for most plays? $10/bbl?
At that point the world's primary energy source would no longer be oil. The demand would have to be ridiculously low because supply will never push it that far. Iran's 1 mm bbl/day export will do little to the global market as it represents a little over 1%.
Posted on 7/14/15 at 10:56 pm to Jim Rockford
quote:If true, we are headed for another depression.
Drink up, Laffy
Posted on 7/14/15 at 10:57 pm to Thib-a-doe Tiger
quote:
Gas is cheap as shite compared to your other options.
Agree, that's why that's where it's at.
Cheaper is still better with energy. Cheaper energy = cheaper literally everything in life in the world
It's better except for a few people in a few places, which sucks because those few happen to be near (and even a few dear) to me, but it's still easily better overall for humanity with very, very cheap energy
Posted on 7/14/15 at 10:58 pm to GoldenD
quote:
At that point the world's primary energy source would no longer be oil. The demand would have to be ridiculously low because supply will never push it that far. Iran's 1 mm bbl/day export will do little to the global market as it represents a little over 1%.
Posted on 7/14/15 at 11:00 pm to Real Pirate
quote:
Then you should move to the Philippines you fricking hippie. I hear they have free energy there.
Jesus, we let you people get married now you want free this and free that.
You sound like a really tough guy.
I would be totally scared of you IRL, with my hippy wispy goatee and skinny jeans.
Posted on 7/14/15 at 11:01 pm to 90proofprofessional
quote:
quote:
Gas is cheap as shite compared to your other options.
Agree, that's why that's where it's at.
Cheaper is still better with energy. Cheaper energy = cheaper literally everything in life in the world
Incorrect, cheaper fuel only shifts profits from one company to another
Ain't nobody dropping their own prices because fuel is cheaper
This post was edited on 7/14/15 at 11:05 pm
Posted on 7/14/15 at 11:03 pm to 90proofprofessional
I think you're probably right, but the net effect may not be all that clear. Ironically, given the current administration, the Energy sector (and to a lesser extent the Financial Services sector) has been the saving grace for the US in emerging from the recession. The windfall for the American consumer hasn't been as pronounced of an economic boost as some may have expected in 1H15.
Posted on 7/14/15 at 11:07 pm to 90proofprofessional
I am amazed that the majority here believe that all oilfield workers make serious bank. The majority of workers are shop hands, delivery drivers, various support admin. The workers in the field make a lot more due to site hazards and having to work away from home at extended periods.
Not every oilfield worker drives a 50k truck, not even close.
Louisiana as a state loses when prices goes down. Be jubilant at others decline you fricks.
Not every oilfield worker drives a 50k truck, not even close.
Louisiana as a state loses when prices goes down. Be jubilant at others decline you fricks.
Posted on 7/14/15 at 11:09 pm to Thib-a-doe Tiger
quote:
Ain't nobody dropping their own prices because fuel is cheaper
Incorrect. Some will, and the ones who can to a greater degree and realize it will have the advantage at the end of the day.
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