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Started By
Message
re: Global oil glut set to grow as China slows crude imports
Posted on 3/22/15 at 12:34 am to eitek1
Posted on 3/22/15 at 12:34 am to eitek1
quote:
For all the haters that think its stupid for skilled trades to make over 80k a year, consider this...
It's a simple value proposition. Would you pay some one an additional 40k a year if you were certain that 40k worth of skill would buy you an additional 1MM$ worth of production in up time?
Sure you would, you'd be insane not to. Consider supply and demand. There are only so many exceptionally skilled electricians. The trades pay because of supply and demand. Simple as that.
Idk why you're talking to me,
2
Posted on 3/22/15 at 12:40 am to tiggerthetooth
Becuase im a blue collar guy and I'm lazy 
Posted on 3/22/15 at 3:17 am to notiger1997
quote:The Petrochemical industry is booming because of low oil prices, cheap Ch4 is one of their main feed stocks.
Is this the daily thread to make fun of oil field trash and plant operators?
Posted on 3/22/15 at 4:27 am to Jim Rockford
I don't understand why anyone would relish in the fact that the oil business is down? These people
word hard and the money they earn is spent at restaurants, grocery stores, car dealerships, etc.
It doesn't help America and especially the South for oil prices to be too low.
word hard and the money they earn is spent at restaurants, grocery stores, car dealerships, etc.
It doesn't help America and especially the South for oil prices to be too low.
This post was edited on 3/22/15 at 4:36 am
Posted on 3/22/15 at 4:44 am to skinny domino
quote:
The Petrochemical industry is booming because of low oil prices, cheap Ch4 is one of their main feed stocks.
Everybody gets lumped together on this board. Low oil prices are great for mostly all of the downstream Petrochem plants. Those entities will start seeing some serious profits because they will be slow to lower prices to consumers.
This post was edited on 3/22/15 at 4:45 am
Posted on 3/22/15 at 4:46 am to Revelator
quote:
It doesn't help America and especially the South for oil prices to be too low.
Partly true. Lots of America isn't based on an oil economy. Parts of the south are, but the American economy will move on just fine with low energy prices.
Posted on 3/22/15 at 8:24 am to Revelator
quote:And how many people had to cut back because gas was expensive? In the last few years I haven't traveled nearly as much because I don't want to drop the money to fill up. This summer I'm planning on doing a lot more of that with prices being down. There's always going to be winners and losers, and yea it may suck for your region but I'm really fricking happy about it. Sorry!
I don't understand why anyone would relish in the fact that the oil business is down? These people
word hard and the money they earn is spent at restaurants, grocery stores, car dealerships, etc.
It doesn't help America and especially the South for oil prices to be too low
Posted on 3/22/15 at 8:35 am to SprintFun
quote:
There's always going to be winners and losers, and yea it may suck for your region but I'm really fricking happy about it. Sorry!
Posted on 3/22/15 at 8:38 am to SprintFun
quote:
This summer I'm planning on doing a lot more of that with prices being down.
So you know what the prices will be this summer?
Posted on 3/22/15 at 8:40 am to SprintFun
quote:
There's always going to be winners and losers, and yea it may suck for your region but I'm really fricking happy about it. Sorry!
You are correct, however the one thing most of the shortsighted are missing is the simple economics of where we now are. This battle for market share is not going to end well for the American consumer long term, OPEC is not trying to hold and gain back market share for our benefit. This short term correction which some are celebrating is going to directly lead to 6-8 dollar a gallon gas very soon.
What we need are stable energy markets.
Posted on 3/22/15 at 9:16 am to tiggerthetooth
Good, maybe the Westpark Tollway won't be a Cluster F at 7AM anymore.
That being said, it pays to work for Ecolab's energy division . When oil goes down, consumer spending goes up, and people use more stuff, and we make more money.
Oil up = $$
Oil down = $$
That being said, it pays to work for Ecolab's energy division . When oil goes down, consumer spending goes up, and people use more stuff, and we make more money.
Oil up = $$
Oil down = $$
Posted on 3/22/15 at 9:20 am to Lou Pai
I like how virtually no one read pai's post to see the context, and then they read some parts of it and still couldn't tell it was dripping with sarcasm.
Posted on 3/22/15 at 9:27 am to Jim Rockford
lol
Another sham article. I'm all for oil dropping but when these gloom and doom articles come out say China needs to build 333 more million barrels to reach capacity and their highest import total has been 7.2 million and not all of that goes to a build....I really can't take them seriously. Their own article says they are not even at 45% capacity.
Another sham article. I'm all for oil dropping but when these gloom and doom articles come out say China needs to build 333 more million barrels to reach capacity and their highest import total has been 7.2 million and not all of that goes to a build....I really can't take them seriously. Their own article says they are not even at 45% capacity.
Posted on 3/22/15 at 10:06 am to tiggerthetooth
quote:
Meh. As long as its good people who appreciate the opportunity and take care of their money/finances wisely then I think its absolutely wonderful. I think its just the trashy types who scoff at college graduates as "suckers" that get under people's skin. No, I've never encountered this sort, but I think that's what causes the "haters". That's great you're making a wonderful sacrifice for your family, and I hope your family appreciates it.
This. Except I hear about 'those smart arse know-nothing college kids' on virtually a daily basis at every job I've been to. It's so ignorant that it doesn't deserve any response. If you can make good money with no student loans, then more power to you. If you're a douche about it and flamboyant about your income, then go ahead and DIAF.
Posted on 3/22/15 at 10:57 am to SprintFun
quote:
This summer I'm planning on doing a lot more of that with prices being down
Curious how much you are saving a month with prices at the levels they are now?
Posted on 3/22/15 at 11:21 am to panterica
I applaud the gentile, high-earning roughneck. He looks after his family and is thankful for a golden opportunity. The rub-it-in-your-face, ignorant redneck is more for a good laugh than anger. Their success does have a shelf life and the educated/truly skilled sector will stay a steady course.....
What's scaring alot of ffolks is that there rreally is no clear rebound. Oil folks are sounding more and more like fattened up realtors who see their wave of success slowing down.
What's scaring alot of ffolks is that there rreally is no clear rebound. Oil folks are sounding more and more like fattened up realtors who see their wave of success slowing down.
This post was edited on 3/22/15 at 11:22 am
Posted on 3/22/15 at 11:34 am to cave canem
quote:
You are correct, however the one thing most of the shortsighted are missing is the simple economics of where we now are. This battle for market share is not going to end well for the American consumer long term, OPEC is not trying to hold and gain back market share for our benefit. This short term correction which some are celebrating is going to directly lead to 6-8 dollar a gallon gas very soon.
Care to elaborate? Many think that any upswing that we see as a result of a supply response domestically and a pickup in demand in the summer is going to be pretty quickly eradicated by producers completing wells they had delayed.
Posted on 3/22/15 at 11:36 am to DrSteveBrule
Haha yeah, I expected a downpour of downvotes but it seems the opposite has happened, so I'm not sure the OWS types on here realized I was making fun of them.
Posted on 3/22/15 at 11:38 am to fightin tigers
quote:
Curious how much you are saving a month with prices at the levels they are now?
Trolling aside, gas is only $1/gallon (2.50 vs 3.50 nat'l avg) cheaper now than this time last year when crude was more than double current prices.
That's $50 a month if you drive 1k miles @ 20mpg. I don't think anyone was/is cutting back. You could drop your internet speed a tier, or buy a few equate/great value items and never know the difference.
Those that do drive more aren't willing to move or change jobs, so it can't really be too much of an inconvenience.
Posted on 3/22/15 at 11:40 am to Dooshay
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