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re: For those gloating about oil:Falling oil means rising foreclosures in oil states

Posted on 1/14/16 at 5:49 pm to
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
17354 posts
Posted on 1/14/16 at 5:49 pm to
quote:

eLafayette and Lake Charles both are doing better than ever


Someone lied to you. Lafayette is in meltdown.
The brightside is that Lafayette has a booming medical presence and it will only continue to improve. This will bring in good jobs to help balance the city.

Would love Lafayette to bring in a technology company. The one thing la does have is a lot of open flat land, especially around Lafayette.
Posted by BRL79
Member since Mar 2014
3109 posts
Posted on 1/14/16 at 5:49 pm to
quote:

Maybe the oil companies should try to be more even keeled. If they didn't pay insane salaries/wages to their executives/workers when making record profits they may be able to afford to keep employees during the downturns.

Exactly this.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
129101 posts
Posted on 1/14/16 at 5:50 pm to
Im looking to buy up some cheap properties in River Ranch
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/14/16 at 5:51 pm to
quote:

who is this "you?"



Those of you who think the economy is going to fail and we're going to go into depression because we have to scale back production.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
76125 posts
Posted on 1/14/16 at 5:51 pm to
They aren't mom and pops. If they could pay less they would, if they don't need you, they won't pay you.

There corporations don't have a conscience, they care about the bottom line.
Posted by theronswanson
House built with my hands
Member since Feb 2012
3194 posts
Posted on 1/14/16 at 5:54 pm to
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?


So because a hard is physically demanding and requires you to be away from your family a person is automatically entitled to a higher than average salary for their skill set and education level? Please. No one forces a person to forego higher education and enter a job market as volatile as oil and gas. I'm not shitting on workers just pointing out that compared to education level the jobs pays higher than average. Your own post admits that.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
76125 posts
Posted on 1/14/16 at 5:57 pm to
So you McDonalds qualified personnel working these jobs?

Sounds like a good recipe for disaster.
Posted by Indfanfromcol
LSU
Member since Jan 2011
14886 posts
Posted on 1/14/16 at 6:02 pm to
Lafayette just brought in 3 different technology companies not to long ago. CGI alone added 400 jobs I believe?

Also, has Bell Helicopter started hiring the 115 people they said they were going to around the time?

The medical field is very strong over there though. If my wife wanted to commute all the way over there, she would make much more as a nurse. Her overtime pay here would be her regular pay in Lafayette.
This post was edited on 1/14/16 at 6:05 pm
Posted by slackster
Houston
Member since Mar 2009
91302 posts
Posted on 1/14/16 at 6:09 pm to
quote:

f a recession is coming, might as well enjoy the attendant drop in gas prices? Or am I supposed to be fearing a recession AND hoping that I can pay more at the pump? 


I'm not sure if you're being obtuse on purpose or you really don't grasp my point but I'll assume the later.

If you want to celebrate cheaper gas that's fine, but you'd do well to understand the forces that are causing that decline. If you understood those forces you'd gladly accept a moderate uptick at the pump if it meant those concerns were all for naught.
This post was edited on 1/14/16 at 6:10 pm
Posted by Thib-a-doe Tiger
Member since Nov 2012
36542 posts
Posted on 1/14/16 at 6:11 pm to
quote:

don't have a conscience, they care about the bottom line.




Uh, because they are legally required to act in the best interests of their stockholders, not employees
Posted by 8thyearsenior
Centennial, CO
Member since Mar 2006
4280 posts
Posted on 1/14/16 at 6:18 pm to
quote:

because a hard is physically demanding and requires you to be away from your family a person is automatically entitled to a higher than average salary for their skill set and education level? Please. No one forces a person to forego higher education and enter a job market as volatile as oil and gas. I'm not shitting on workers just pointing out that compared to education level the jobs pays higher than average. Your own post admits that


That's exactly what I am saying. I am an engineer. If I worked 9-5 in an office I wouldn't miss birthdays, holidays or other big events. Should I be paid more because I do? Of course. If I worked in an office I wouldn't have to watch for big heavy equipment or pipe being swung around or worry about blow outs, on a rig you do, so with greater risk I expect greater pay. If I worked in an office I wouldn't have to stand outside to supervise work in the rain,snow, or heat so I should get paid more for these things. When is the last time you slept in a bunk bed or a room with other guys for weeks on end? If I am going to have to travel, being exposed to hazards, and work in generally unpleasant conditions then I expect to be paid above average. Why else would anyone go out in the field?

I currently work at Coors and make a shite ton less than I did in oil and am perfectly fine with that. I am home every night, work inside and am not exposed to hazards.
Posted by yellowfin
Coastal Bar
Member since May 2006
98740 posts
Posted on 1/14/16 at 6:25 pm to
quote:

fwiw..the fact that field workers make more than the majority of enlisted military men/women makes me sick. I love when yall talk about sacrifice like you know wtf you're talking about.


Fact that military gets paid makes me sick. Should still be volunteers
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/14/16 at 6:29 pm to
quote:

Should still be volunteers


It is a volunteer force......
Posted by slackster
Houston
Member since Mar 2009
91302 posts
Posted on 1/14/16 at 6:31 pm to
quote:

but most of your predictions (sfp's and slacker as well) will not happen.





My prediction is that at these levels, the price of oil will closely track the overall economy. Nothing more, nothing less. An increase in oil prices from here is a good sign for everyone.

Do you care to refute that position on any economic grounds, or will you concede that this conversation is way above your head and bow out until we are discussing something that is more in your wheelhouse, like healthcare.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/14/16 at 6:34 pm to
quote:

My prediction is that at these levels, the price of oil will closely track the overall economy


No it won't, it'll just scale back our production until it normalizes again and redistribute investments elsewhere.

quote:

bow out until we are discussing something that is more in your wheelhouse, like healthcare.


Nah because there's some military discussion going on too and I'm well versed at that as well
Posted by yellowfin
Coastal Bar
Member since May 2006
98740 posts
Posted on 1/14/16 at 6:39 pm to
True volunteers don't get paid. Then we'd see true patriots, not a bunch of kids that had nothing else going for them.
Posted by QuietTiger
New Orleans
Member since Dec 2003
26256 posts
Posted on 1/14/16 at 6:40 pm to
quote:

True volunteers don't get paid. Then we'd see true patriots, not a bunch of kids that had nothing else going for them.


Amen Brother!
Posted by nes2010
Member since Jun 2014
7553 posts
Posted on 1/14/16 at 6:44 pm to
Military would be mighty small and either full of wealthy people or poorly trained.
Posted by Mo Jeaux
Member since Aug 2008
62339 posts
Posted on 1/14/16 at 6:45 pm to
quote:

My prediction is that at these levels, the price of oil will closely track the overall economy.


What does this mean? Why only at these levels?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/14/16 at 6:46 pm to
quote:

the price of oil will closely track the overall economy


some of you live in candy land.

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