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re: For those gloating about oil:Falling oil means rising foreclosures in oil states
Posted on 1/14/16 at 1:44 pm to Topwater Trout
Posted on 1/14/16 at 1:44 pm to Topwater Trout
quote:
not that they can't train just about anyone to do the work.
Easy to say that when you don't work in this field.
3
Posted on 1/14/16 at 1:45 pm to SlowFlowPro
quote:
national, possibly international economic depression
Oh shite, economic depression because gas is a $1.50. Got a link for your drastic outcome SFP?
Posted on 1/14/16 at 1:46 pm to TheIndulger
quote:
Everyone needs to quit with all the "haha"s at oil workers and "boohoo"s from oil workers. It's a boom and bust industry, everyone knew it, the boom was good now the bust sucks, but no point arguing against the market.
good point
quote:
Yeah there's foreclosures in North Dakota, and parts of Texas and Louisiana, but that is a drop in the bucket compared to the amount of money saved by the rest of the country on cheaper transportation and shipping costs.
and this is where I think people are missing the point, just my opinion though. There comes a point where oil is "too" cheap and the issues that presents far outweigh the benefits such as cheaper shipping when there is no consumer discretionary spending to afford all those goods being transported for cheap
Posted on 1/14/16 at 1:47 pm to Sao
quote:
Are you serious about the idea some Derrick hand should have a financial tutor supplied by their company?
instead of a tutor, I mean more of an actual adviser that they pay to keep their shite straight, just like the rest of us do.
it HASN'T been working out well for them to NOT have one, so why not make advice available to them to protect them from themselves?
quote:
HOLY shite! Let me get this straight. I should pay more for gas to support your lifestyle OR you are going to drive me out of business AND rob and kill me?
I think that is how ISIS works too. Just saying...
not my lifestyle as I'm not in the oilfield. BUT you can argue that a large chunk of the economy is directly affected by the oilfield from housing to to shopping to restaurants/night life to small business & all the way down the line. you take out the big river flow of money & everyone else down stream will be hurt, in this case in South Louisiana. what other business sector is going to employ the +40,000 oil field workers who have lost/will lose their jobs over the last year & fill the void...?
Posted on 1/14/16 at 1:47 pm to 13SaintTiger
there are 2 industries propping up our economy: oil and tech
the oil bubble just burst
the money is going to flood into tech
then that will bust
then what will we do?
the oil bubble just burst
the money is going to flood into tech
then that will bust
then what will we do?
Posted on 1/14/16 at 1:47 pm to Redacted
quote:
Easy to say that when you don't work in this field.
Anyone can be trained to do just about any blue collar job, some pan-out, some don't. O&G isn't exclusive.
Posted on 1/14/16 at 1:47 pm to SlowFlowPro
quote:
there are 2 industries propping up our economy: oil and tech
the oil bubble just burst
the money is going to flood into tech
then that will bust
then what will we do?
link plz
Posted on 1/14/16 at 1:48 pm to 13SaintTiger
Can we play 18, match play, from the tips at your course of choosing...and if you lose you will never be able to post in an oil price thread again?
your severe lack of macroeconomic knowledge shits up these threads every time
your severe lack of macroeconomic knowledge shits up these threads every time
Posted on 1/14/16 at 1:48 pm to Redacted
If Cheston and Brandon can do it, I think odds are great it's a job that can be learned...
Posted on 1/14/16 at 1:48 pm to SlowFlowPro
quote:This did not happen in the 80's.
national, possibly international economic depression
Posted on 1/14/16 at 1:48 pm to Redacted
quote:
Easy to say that when you don't work in this field.
I have worked in a blue collar field. If I had chosen to go work on a rig I am confident I would have had no problems learning any position they had to offer.
Posted on 1/14/16 at 1:48 pm to SlowFlowPro
in the short term?
print more money
print more money
Posted on 1/14/16 at 1:50 pm to Shankopotomus
quote:
Can we play 18, match play, from the tips at your course of choosing...and if you lose you will never be able to post in an oil price thread again?
your severe lack of macroeconomic knowledge shits up these threads every time
oh gtfo with this. as a poster above me just mentioned, your hysterical worst case scenarios didn't happen in the 80's when oil took a dive.
Posted on 1/14/16 at 1:50 pm to 13SaintTiger
quote:
Anyone can be trained to do just about any blue collar job, some pan-out, some don't. O&G isn't exclusive.
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.
Posted on 1/14/16 at 1:50 pm to bhtigerfan
quote:
Being away from home really sucks sometimes, especially holidays.
yeh I could never do it. I pass by a few parking lots of rig workers near my camp and always think about that on holidays.
Posted on 1/14/16 at 1:51 pm to 13SaintTiger
Bloomberg legit enough for you?
Here is a little less major outlet
quote:
Lower oil prices, however, could come with a downside. As they work their way through the system, deflation could follow. Already, 10 of the 34 largest economies in the world have seen year-over-year declines in consumer prices. The risk is that deflationary expectations could follow, encouraging consumers to withhold purchases in anticipation of even lower prices.
If that happens, excess capacity and inventories would build, forcing prices down more. When buyers' suspicions are confirmed, they further delay consumption, in a vicious downward cycle. The result is little if any economic growth, as deflation-prone Japan has seen over the last two decades.
Here is a little less major outlet
quote:
I would argue that falling commodity prices are bad news. It likely means that the debt bubble which has been holding up the world economy for a very long time–since World War II, at least–is failing to expand sufficiently. If the debt bubble collapses, we will be in huge difficulty.
Many people have the impression that falling oil prices mean that the cost of production is falling, and thus that the feared “peak oil” is far in the distance. This is not the correct interpretation, especially when many types of commodities are decreasing in price at the same time. When prices are set in a world market, the big issue is affordability. Even if food, oil and coal are close to necessities, consumers can’t pay more than they can afford.
Posted on 1/14/16 at 1:51 pm to RedRifle
Maybe people shouldn't live like the gravy train will never end. 
People used to live frugally so they could weather the lows in the economy. Now, people are maxed out.
People used to live frugally so they could weather the lows in the economy. Now, people are maxed out. Posted on 1/14/16 at 1:51 pm to 13SaintTiger
I challenged you to a duel, it is a fair deal 
Just like they did in the 1800s, because what happened in the past is exactly how it works in the future....right?
Just like they did in the 1800s, because what happened in the past is exactly how it works in the future....right?
Posted on 1/14/16 at 1:52 pm to blueboy
quote:
This did not happen in the 80's
we had a different economy and different debt/interest rate levels in the 80s
Posted on 1/14/16 at 1:52 pm to Sao
quote:
If Cheston and Brandon can do it, I think odds are great it's a job that can be learned..
There are 200 people on my rig. Not everyone is performing the same job. Roustabout, yeah pretty much anyone can be trained for that. Catering crew, sure. The more technical positions? Not quite.
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