re: Oil field layoffs are really hitting SLa

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You're anti American

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Appreciating cheaper gas prices does not make one unamerican. I empathize with those who are dealing with job losses and possible layoff's, been there myself, but this was just wrong.

Calm down

Piggybacking off your troll/over-the-top post, I'll expound by saying this:

The O&G industry is particularly cyclical and rides its own big bubbles and deep depressions. The salaries people are used to probably are worth every penny when you factor in the eventual unemployment and average it all together.

90% of us, whatever industry we work in, are in more stable industries. That means lower pay for qualifications, and a corresponding downgraded lifestyle, but also less of a certainty of getting laid off whenever headwinds come knocking.

My only expectation for O&G guys is to either a) save like hell for the bad times or b) take a pay cut to find something more stable. It's a wild ride and I think people just need to realize that when they are weighing the options with the awesome pay they keep hearing about.

What did he say that isn't true, Peej?

It isn't the general public's responsibility to prop up an industry to keep people employed. That's not how a free market functions. It sucks that people are hurting but every industry is subject to peaks and vallies.

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Objectively, I should instead look to other regions that are supported by thriving industries. Lower energies benefits America and humanity in general and will cause increased wealth and productivity overall so that's good.

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B-I-N-G-O

In macroeconomic terms, people should realize that if this becomes a protracted reality, it's simply because America in its previous domestic O&G model wasn't competitive.

The only reason we were competitive is due to artificially restricted supply. And sure, that was a sweet wave to ride, but if you're unwilling to adapt to something else, that manipulated market was your villain, not anyone else.

The economic verdict of this is that people who lose their jobs need to find something else to generate as much value as possible. Economic law, while unforgiving, is honest with us.

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and if anything,it helps more americans than it hurts




You are either really dumb or really naive, I can't decide which.

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He's not wrong.

Besides the personal savings of simply having cheaper energy costs (car, heating, whatever), a whole range of goods all across our economy becomes cheaper.

Food gets much cheaper; manufactured goods get cheaper; plastics get cheaper; etc., etc. COGS goes down for companies all across our economy, and many expand aggressively.

Cheap gas is a major boon to my region of the country because it significantly lowers input costs for two of our biggest and most vital industries (manufacturing and logistics).

And all that is in addition to the geopolitical benefits of cheap energy.

But for the VAST majority of the country, isn't cheaper gas a positive effect? Cost of doing business goes down, prices go down, people have more discretionary cash, jobs created, etc. etc. etc.?

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He's not wrong.

Besides the personal savings of simply having cheaper energy costs (car, heating, whatever), a whole range of goods all across our economy becomes cheaper.

Food gets much cheaper; manufactured goods get cheaper; plastics get cheaper; etc., etc. COGS goes down for companies all across our economy, and many expand aggressively.

Cheap gas is a major boon to my region of the country because it significantly lowers input costs for two of our biggest and most vital industries (manufacturing and logistics).

And all that is in addition to the geopolitical benefits of cheap energy.

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The cheap energy doesn't offset the money lost when these people are not working not to mention the money lost because of secondary jobs being lost and businesses being closed it trickles down whether you believe it or not. Then again maybe I'm just jaded having seen it in the 80's when whole areas turned into ghost towns and there were empty buildings all over Houston and the Gulf Coast.

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The cheap energy doesn't offset the money lost when these people are not working not to mention the money lost because of secondary jobs being lost and businesses being closed it trickles down whether you believe it or not. Then again maybe I'm just jaded having seen it in the 80's when whole areas turned into ghost towns and there were empty buildings all over Houston and the Gulf Coast.

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Maybe in your immediate surroundings, I get that. But isn't it a bit selfish to ignore the positive effect it's having on everyone else? I'm just saying, maybe it everyone looked at the effect it has on the entire country, instead of just themselves, it might open up eyes.