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re: For those gloating about oil:Falling oil means rising foreclosures in oil states
Posted on 1/20/16 at 2:33 pm to BRgetthenet
Posted on 1/20/16 at 2:33 pm to BRgetthenet
quote:
Why are you always so deragatory to eveybody in this thread?
His cash cow has dried up and he has nothing else to fall back on.
1
Posted on 1/20/16 at 2:35 pm to BRgetthenet
Up vote brah
Posted on 1/20/16 at 2:43 pm to carhartt
I've already said in these threads, I'm not in O&G, I'm in a wholly unrelated field. However, I have very close friends and a few family members being seriously affected right now. And I wasn't being derogatory, that clown comment was tongue in cheek.
I enjoy these conversations because it gives me a good idea of what other people are doing, and how they react into this incoming recession. Baw.
I enjoy these conversations because it gives me a good idea of what other people are doing, and how they react into this incoming recession. Baw.
Posted on 1/20/16 at 2:58 pm to LSUweights
quote:
What type of work?
River surveying. Just not as much business as they expected there to be when I got hired on.
Posted on 1/20/16 at 3:02 pm to Napoleon
quote:
To me, $2.25-2.50 I think that is the happy middle where it doesn't hurt the pocket and also keeps the truck nut manufacturers in business.
frick that!
Posted on 1/20/16 at 3:04 pm to fr33manator
My cousin does offshore surveying and told me a couple of weeks ago that they are slowing down some, but they are still pretty steady.
Might want to look into that since you already have the experience
Might want to look into that since you already have the experience
Posted on 1/20/16 at 3:06 pm to BRgetthenet
quote:
I won't pay $3.85 a gallon to fill up any time soon
You would if you have to.
I guess that's my "issue" with the "gloating about oil" side of things. You aren't at this price because you fought high prices from the demand side and got them lowered. Demand isn't down 80% or anything crazy. We're here because a supply side eff-up. You would pay 3.85 if that's what it costs. You did a year and a half ago and you would again. The cheaper prices over the last year and a half have not stimulated the economy as others have stated, so the extra spending money you have isn't the solution either. I'm not arguing that it isn't nice. Just saying that there's a lot of misinformation about how everything is affected.
Posted on 1/20/16 at 3:14 pm to Oates Mustache
Oh it's coming. And soon. We were 15 rigs running in our BU last year at this time (international). We're down to two.
The economy goes into a recession and all people can see is the small picture.
GOT CHEAP GAS!
DON'T CARE!
The economy goes into a recession and all people can see is the small picture.
GOT CHEAP GAS!
DON'T CARE!
Posted on 1/20/16 at 3:18 pm to KG6
The lower these oil prices drop, the better ROI I'm going to have when I throw $30,000 into O&G stocks in a few months.
Posted on 1/20/16 at 3:20 pm to RedRifle
No fricks given. Filled my truck up for $42 this week. #winning
Posted on 1/20/16 at 3:23 pm to GeauxTigers0107
That's not why the economy is faulting
Posted on 1/20/16 at 3:26 pm to RedRifle
Also. La is brought in less money last year because of the earl going belly up. Watch the taxes for everyone else go up to make up this deficit.
Posted on 1/20/16 at 3:43 pm to tigersownall
And watch JBE voted out in 4 years.
Posted on 1/20/16 at 4:24 pm to RedRifle
O&G represents 2% of the nation's economy.
Posted on 1/20/16 at 4:31 pm to Asgard Device
quote:
O&G represents 2% of the nation's economy
And what about all the secondary and tertiary businesses that count on that 2%?
Posted on 1/20/16 at 4:35 pm to slackster
quote:
Why not hope for $2.00-$2.25 gas if it means the economy is stabilizing/growing instead of hoping for $1.00
So you think people should pay $1.25/gallon more just to prop up other people's jobs?
Americans consume 140 million gallons of gas per year. If you want to subsidize salaries of 1.5 million people in O&G to the tune of $120k/yr then all you have to do is add a $1.25/gallon tax. Probably would be more lucrative to us than what we get now, but would be less damaging to our coast line and infrastructure.
This post was edited on 1/20/16 at 4:40 pm
Posted on 1/20/16 at 4:52 pm to 13SaintTiger
Any of you oilfield baws have a camp for sale or a yeti 45?
Posted on 1/20/16 at 4:55 pm to RedRifle
Depends on the city in said states...
Average house in Dallas sells in 21days, with little to no concessions, and selling for more than list.
Average house in Dallas sells in 21days, with little to no concessions, and selling for more than list.
This post was edited on 1/20/16 at 4:56 pm
Posted on 1/20/16 at 5:16 pm to Poncho
quote:
Don't try and make me feel sorry for those rednecks who flaunted their jacked-up trucks and GF's fake tits all those years without even graduating high school while I was doing it by the book and putting my time in through 8 years of school.
I didnt realize oil companies don't employ engineers, accountants, doctors, nurses, lawyers, etc. apparently it's just a bunch of high schoolers.
I don't think there should be any more sympathy than any other industry, but some people here seem to enjoy seeing people lose their jobs. I for one think it sucks when anyone loses their job. Businesses have cycles, but I sure wasn't laughing at those in finance or housing in 2008.
Posted on 1/20/16 at 5:20 pm to GeauxTigers0107
quote:
For those gloating about oil:Falling oil means rising foreclosures in oil states
Oh it's coming. And soon. We were 15 rigs running in our BU last year at this time (international). We're down to two.
The economy goes into a recession and all people can see is the small picture.
GOT CHEAP GAS!
DON'T CARE!
Sorry, but paying $3.50/g for gas is absurd. For years I've heard various bullshite reason why the price stayed so high for so long. I have a feeling we're hearing just as many bullshite reasons about how bad things are.
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