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re: For those gloating about oil:Falling oil means rising foreclosures in oil states
Posted on 1/14/16 at 1:53 pm to SlowFlowPro
Posted on 1/14/16 at 1:53 pm to SlowFlowPro
I'm less worried about the effect that low oil will have on our economy than I am of its being an indicator of a bad economy.
0
Posted on 1/14/16 at 1:53 pm to Redacted
quote:
There is a lot more to this field than chasing cranes. Anyone can come out here and do this job. That's why we're all paid so little, because it's so easy to find qualified candidates.. wait, this all started because we're "overpaid". If anyone could do it, the term "run off" wouldn't exist.
They were paid based on production and demand, hence why the layoffs are happening. That's very elementary economics. You speak as oil field workers are more exclusive than other hard workers in important blue collar jobs and they aren't.
Posted on 1/14/16 at 1:53 pm to Deactived
quote:
so all the oilfield people are just going to start being criminals now?
if you reviewed applications for field guys you'd realize most already are
Posted on 1/14/16 at 1:53 pm to Shankopotomus
quote:Yep, the bust will have a horrible trickle down effect on all businesses around South Louisiana. Every business around will feel it.
.BUT the discussion on oil and gas and the greater implications on the economy and the trickle down effect are much more important than "what is oil field baw going to do?"
Posted on 1/14/16 at 1:53 pm to SlowFlowPro
That's the problem I think people are missing. The US and world economies are operating much differently than at that time...
And we are much more "coupled" to other countries than we used to be....such as China
And we are much more "coupled" to other countries than we used to be....such as China
Posted on 1/14/16 at 1:54 pm to SlowFlowPro
The next couple of years could bring some very hard times for most of us. Things are happening globally that are pretty ominous
Posted on 1/14/16 at 1:55 pm to 13SaintTiger
quote:
13SaintTiger
when I have a hemorrhoid I'll call you... until then go hang out with the rest of the nurse chicks
Posted on 1/14/16 at 1:56 pm to RogerTheShrubber
china's bubble bursting + oil bubble popping are not a good combo for us
Posted on 1/14/16 at 1:58 pm to SlowFlowPro
quote:I think that this is too narrowly focused since it doesn't consider the implications of the consumer and many other economic sectors benefiting from lower energy prices.
there are 2 industries propping up our economy: oil and tech
Posted on 1/14/16 at 1:59 pm to SlowFlowPro
Watch Saudi Arabia too. Things might get dicey this year
Posted on 1/14/16 at 2:00 pm to SlowFlowPro
the biggest item I fear the most is INFLATION
the FED has been manipulating both the inflationary numbers and inflation has not hit YET with the massive money printing (QE) we did to "get out" of the recession
I think people are going to see how fake this "recovery" really was and that as soon as the next regime takes office shite may begin hitting the fan
Meanwhile Obama can just drop the mic and leave the stage with the arena burning around him
the FED has been manipulating both the inflationary numbers and inflation has not hit YET with the massive money printing (QE) we did to "get out" of the recession
I think people are going to see how fake this "recovery" really was and that as soon as the next regime takes office shite may begin hitting the fan
Meanwhile Obama can just drop the mic and leave the stage with the arena burning around him
Posted on 1/14/16 at 2:00 pm to yellowfin
quote:
when I have a hemorrhoid I'll call you... until then go hang out with the rest of the nurse chicks
I'll stick around. It's amusing to me how many of LA residents who have never left the state for anything more than a vacation thinks the whole world revolves around Louisiana.
This post was edited on 1/14/16 at 2:03 pm
Posted on 1/14/16 at 2:01 pm to 8thyearsenior
quote:
What should people that work a dangerous job for 12 hour days in the elements all while sleeping in bunkbeds away from their families for weeks at a time make? What is the average wage they should make? So you think they should work these hard jobs away from their families and live like they are making $10 an hour because thats what you would have done right?
Because no one else makes sacrifices for their jobs
Posted on 1/14/16 at 2:01 pm to Redacted
quote:
There is a lot more to this field than chasing cranes. Anyone can come out here and do this job. That's why we're all paid so little, because it's so easy to find qualified candidates.. wait, this all started because we're "overpaid". If anyone could do it, the term "run off" wouldn't exist.
There are plenty people that could be trained to do what most people out there do. The high pay comes in because there aren't many willing to spend half their lives away from their family to do it. That's what the over compensation is for, not because it's some job that only an elite group can do.
Posted on 1/14/16 at 2:02 pm to bhtigerfan
That's funny. Just left a luncheon that went into great detail about how despite the low oil prices, Lafayette and Lake Charles both are doing better than ever in other markets. Baton Rouge I know is bringing in more business with IBM and the water campus of the south or whatever the hell it is called.
Posted on 1/14/16 at 2:03 pm to Shankopotomus
quote:
INFLATION
Globally we may be looking at a deflationary depression
Posted on 1/14/16 at 2:03 pm to 13SaintTiger
I do agree on that, the medical sector will be staying put for the forseeable future
What sort of fees will be paid by the inevitable single-payer healthcare system is yet to be seen, however
What sort of fees will be paid by the inevitable single-payer healthcare system is yet to be seen, however
Posted on 1/14/16 at 2:05 pm to yellowfin
quote:
There are plenty people that could be trained to do what most people out there do. The high pay comes in because there aren't many willing to spend half their lives away from their family to do it. That's what the over compensation is for, not because it's some job that only an elite group can do.
Agreed. I'm pretty well compensated, but I will be the first to admit that there is nothing particularly special about what I do that other people couldn't necessarily do if they were willing to put in the time and money to learn.
Posted on 1/14/16 at 2:05 pm to RogerTheShrubber
This is probably more of a money board type of thing, but that's what I cannot seem to wrap my head around
How can a country like the U.S. increase it's money supply by like a trillion dollars - and not experience inflation?
I mean, it's a little weird. Like the calm before the storm...
How can a country like the U.S. increase it's money supply by like a trillion dollars - and not experience inflation?
I mean, it's a little weird. Like the calm before the storm...
Posted on 1/14/16 at 2:05 pm to SlowFlowPro
thanks for the links, will check them out when i get home
This post was edited on 1/14/16 at 2:16 pm
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