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re: I just fueled up for $1.85/gallon

Posted on 12/28/14 at 9:40 pm to
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
64796 posts
Posted on 12/28/14 at 9:40 pm to
Aslong as natural gas doesn't drop too low the Marcellus will keep drilling. The break even is 32$ BOE. Cheapest in the country by far. Utica is another story
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
49830 posts
Posted on 12/28/14 at 10:37 pm to
that is about 6k a year to me lol.
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 12/28/14 at 10:42 pm to
Mud just bought a new Ford with a V-8 engine. Just in time.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82025 posts
Posted on 12/28/14 at 10:51 pm to
quote:

You're dumb. Most people will not be laid off or have a pay cut due to low oil prices. In fact, most people will now have more spending money which helps local businesses. Just different ones.

Well this is certainly inaccurate. We are barely into a month of sub $60 oil and Lafayette has already seen thousands of layoffs because of it. If this lasts a year, South LA fricked
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 12/28/14 at 10:56 pm to
quote:

Well this is certainly inaccurate. We are barely into a month of sub $60 oil and Lafayette has already seen thousands of layoffs because of it. If this lasts a year, South LA fricked


Welcome to a lesson on diversification. Most people who have only one skill suffer greatly when their product is not wanted. Farmers have been suffering this for years.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
64796 posts
Posted on 12/28/14 at 11:20 pm to
Yea so many people can do two different careers. 90% of south louisiana is locked into this aswell as most of the country.

Only having one set skill set that makes them the majority of their income
This post was edited on 12/28/14 at 11:22 pm
Posted by GREENHEAD22
Member since Nov 2009
20494 posts
Posted on 12/28/14 at 11:22 pm to
Check the OB, have a post there for ya.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82025 posts
Posted on 12/28/14 at 11:29 pm to
So are you saying that people who work in the energy sector should have a 2nd job elsewhere??? What in the frick are you talking about?

Disclosure- I am not in the energy sector; just an observer
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 12/28/14 at 11:48 pm to
quote:

Well this is certainly inaccurate. We are barely into a month of sub $60 oil and Lafayette has already seen thousands of layoffs because of it. If this lasts a year, South LA fricked



1. That's thousands of jobs when there are millions of other Louisiana workers who won't be laid off.
2. Cheap oil means that there's more discretionary spending by consumers which means a boost to the national economy in many different sectors. Simply move to where the jobs go. It's a bit scary, but that's what I plan on doing. Not trying to be rude at all but that's just the nature of the beast.
Posted by The Boat
Member since Oct 2008
175388 posts
Posted on 12/28/14 at 11:56 pm to
You think these petroleum people wouldn't have thought the bubble was never going to burst. It was obvious. I mean the fact that "thousands" have already been laid off...
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
64796 posts
Posted on 12/29/14 at 6:23 am to
I don't think anyone who was in the industry pre 2008 thinks that way. Atleast 30% are my dad's age and about to retire. They worked through 3 big downfalls.

Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
64796 posts
Posted on 12/29/14 at 6:25 am to
I just checked. We froze all new hires 2 months ago in preparation for the new year. Now this happened.
Posted by yellowfin
Coastal Bar
Member since May 2006
98722 posts
Posted on 12/29/14 at 6:32 am to
We are still hiring, just way more selective cause there are some good hands that will be let go in the coming months.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
64796 posts
Posted on 12/29/14 at 6:40 am to
We will hire DDs. Just not MWD. We got too many already. Most are straight out of school and will be the first to go. Will they stay in the industry with that bad taste? No clue. Another issue is the job market is flooded with kids straight out of school that really can't come in and produce right away. Not a good time to be a contract hand. They will be first to go. I work with 3 that refuse to sign on and get off contact status. Stupid huh?
Posted by purpleleaf
Member since Aug 2011
4004 posts
Posted on 12/29/14 at 7:55 am to
I paid $1.70 last week at Costco in BR.
Posted by mostbesttigerfanever
TD platinum member suite in TS
Member since Jan 2010
5027 posts
Posted on 12/29/14 at 8:50 am to
costco had 1.77 gas yesterday
Posted by Topwater Trout
Red Stick
Member since Oct 2010
69416 posts
Posted on 12/29/14 at 8:52 am to
i paid 1.65 at costco saturday
Posted by member12
Bob's Country Bunker
Member since May 2008
33035 posts
Posted on 12/29/14 at 9:09 am to
I imagine SoLa and Houston posters concerned with dropping oil prices? I'm not sure if this will have a direct impact on us right now, but it could get concerning if things keep trending down.

It's comical how the automakers seemed to have finally prioritized fuel efficiency just as gas prices collapse. They seem to have terrible timing.
This post was edited on 12/29/14 at 9:15 am
Posted by heypaul
The O-T Lounge
Member since May 2008
38281 posts
Posted on 12/29/14 at 9:38 am to
Do you have to have a costco card to get gas there?
Posted by GREENHEAD22
Member since Nov 2009
20494 posts
Posted on 12/29/14 at 10:20 am to
I appreciate you looking into it for me. I figured that would be the case with the price dropping like it is. Everything I had in the works and the job I was supposed to start at February has all been pushed back to the second quarter, I am just hoping they don't start resending my offers.
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