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re: Karen is shifting her focus to the oil patch

Posted on 4/22/20 at 9:12 am to
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
66741 posts
Posted on 4/22/20 at 9:12 am to
thats a plant baw. not an oilfield hand
Posted by slinger1317
Northshore
Member since Sep 2005
7135 posts
Posted on 4/22/20 at 9:13 am to
quote:

I find it hard to believe that trucking companies are still charging fuel surcharges, (saw 18.5% on one invoice)


Exactly- like luggage fees with airlines, these fees are here to stay. Rising fuel costs was the excuse to implement them, but now fuel is at record lows and the fees are still there.
Posted by El Segundo Guy
1-866-DHS-2-ICE
Member since Aug 2014
11750 posts
Posted on 4/22/20 at 9:13 am to
Most of the posters on this site are from Louisiana and Texas, which obviously rely more heavily on O&G.

Almost every other part of the country is absolutely loving these prices right now.
Posted by LSUfanNkaty
LC, Louisiana
Member since Jan 2015
11967 posts
Posted on 4/22/20 at 9:14 am to
quote:

really needs to be @ min 30$ for the smaller companies



Ehh... that would still be pushing it lol. To be decently profitable, with lift costs and all, $40 min would be ideal.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 4/22/20 at 9:14 am to
Oilfield related
Posted by LSUfanNkaty
LC, Louisiana
Member since Jan 2015
11967 posts
Posted on 4/22/20 at 9:15 am to
quote:

You realize that the price controls you’re talking about come from OPEC, and the American O&G industry you despise is the only thing keeping oil anywhere close to a free market right now?



Say it a little louder for those in the back
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
66741 posts
Posted on 4/22/20 at 9:16 am to
oil patch is not the same. but if you want to generalize you can
Posted by LSUfanNkaty
LC, Louisiana
Member since Jan 2015
11967 posts
Posted on 4/22/20 at 9:17 am to
quote:

There are no refineries in Baton Rouge?



As someone who has worked in both upstream and downstream... oilfield baws and plant baws are wayyyy different ends. Baws all the same, but different.

Posted by Klark Kent
Houston via BR
Member since Jan 2008
75980 posts
Posted on 4/22/20 at 9:20 am to
quote:

Give it time


Okay. You know exactly who I work for. That’s not going to happen.

quote:

To act like there aren't a ton of oilfield workers driving around in bigger trucks than they technically need pulling their toy hauler with the side by side in back is being obtuse, KK.


fair, there’s plenty of that in the South in all states. My point is those who are responding to these threads clearly aren’t field hands tho.
Posted by MojoGuyPan
Intercession City, Florida
Member since Jun 2018
2797 posts
Posted on 4/22/20 at 9:21 am to
quote:

It’s the industry we chose to work in and EVERYONE knows it’s cyclical.

Thank you for your service.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 4/22/20 at 9:22 am to
quote:

You know exactly who I work for. That’s not going to happen.


There are always exceptions but there will be bailouts IMO.

Posted by LSUfanNkaty
LC, Louisiana
Member since Jan 2015
11967 posts
Posted on 4/22/20 at 9:23 am to
quote:

There are always exceptions but there will be bailouts IMO.



I concur
Posted by Privateer 2007
Member since Jan 2020
7951 posts
Posted on 4/22/20 at 9:25 am to
quote:

it's industry we chose and knew it's cyclical


Agree with you.
I still am trying to help buddies in upstream in particular.

Cyclical nature is why I left upstream and went to chemical.

Legit wish you guys the best.
shite will get better.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
75980 posts
Posted on 4/22/20 at 9:26 am to
yeah.

but I think you’ll agree if some of these major O&G players star to go under - the economy as a whole is probably probably fricked.
Posted by MojoGuyPan
Intercession City, Florida
Member since Jun 2018
2797 posts
Posted on 4/22/20 at 9:28 am to
quote:

Becky due to a Beyonce song

Way b4 Bey
Posted by Oilfieldbiology
Member since Nov 2016
42786 posts
Posted on 4/22/20 at 9:28 am to
(no message)
This post was edited on 10/22/20 at 7:36 pm
Posted by Jester
Baton Rouge
Member since Feb 2006
34717 posts
Posted on 4/22/20 at 9:30 am to
quote:


no one is bailing out the O&G industry. No one within the O&G industry (at least the big NA contenders) would even ask that or expect


Ha! The O&G industry is one of the most subsidized industries in this country. They are in a state of perpetual bailout.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 4/22/20 at 9:31 am to
quote:

the economy as a whole is probably probably fricked.


FYI the economy is already fricked. The virus sped it up but we were heading here anyway IMO and I have said so for a year now. The economy was artificially propped up by the Fed and still is as much as is possible right now.

Also, a lot of major financial firms went under in 2008. We took our hits and came out of it. The same will happen again.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 4/22/20 at 9:32 am to
quote:

Yeah people think doing an sql query is coding

Not saying that’s the case for the guy you responded to


That is, however, an extremely valuable skill. PL/SQL is more like a programming language, but I have written T-SQL (which is much less versatile) that is 5000 lines, so it can be somewhat complicated. SQL can be picked up by just about anyone with analytical skills though. The real coders are the ones who make Management Studio or TOAD.
This post was edited on 4/22/20 at 9:33 am
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 4/22/20 at 9:32 am to
quote:

The O&G industry is one of the most subsidized industries in this country. They are in a state of perpetual bailout


Explain
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