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Started By
Message
2
Posted on 9/26/15 at 10:06 am to GreatLakesTiger24
Not trying to make anyone feel bad, more directed at the people who are on here and constantly bitching about people making more money than them for working harder than them.
Posted on 9/26/15 at 10:11 am to cave canem
quote:
If you live anywhere in the gulf south this is looming on the horizon. The high crude prices and employment boom insulated the region from the worst of the financial crises fallout. But it is going to hit twice as hard in some areas now.
All the small town bankers that thought they were geniuses lending to can't miss projects are about to take a haircut.
Couple that with a lots of housing inventory hitting the market at once due to defaults and and it is a recipe for disaster.
Anyone who lives in the gulf south is going to be effected, even medical care pro's are going to feel the sting. Lots of folks loosing insurance and avoiding unessential visits, Ace hardware is going to sell less, etc. No one is going to escape the loss of billions of GDP in the poorest region of the country.
Keep whistling past the graveyard about the 20 bucks you saved in gas this week.
This guy gets it.
Posted on 9/26/15 at 10:20 am to GREENHEAD22
I agree that the riskiest jobs should have pay that matches the risk, not sure if anyone has argued against that. I've working in a high risk field in my past, and got paid more than those not doing that work in my company. However, it is a choice to work in that environment, so you know what you are signing up for I assume.
My issue about the complaining of O&G guys on here is is that when the money is free flowing to them, are they doing what most people should do and save more than they spend? Especially in such a volatile industry.
To me in simple terms, spend less than you make, save as much as you can, and live within your means. Doing that is your best insurance when the winds of change blow.
I lost a job unexpectedly once, and was fully unprepared. Never again.
Oh, and for those who seem to forget, $4 a gallon gas is a true hardship on millions of Americans.
My issue about the complaining of O&G guys on here is is that when the money is free flowing to them, are they doing what most people should do and save more than they spend? Especially in such a volatile industry.
To me in simple terms, spend less than you make, save as much as you can, and live within your means. Doing that is your best insurance when the winds of change blow.
I lost a job unexpectedly once, and was fully unprepared. Never again.
Oh, and for those who seem to forget, $4 a gallon gas is a true hardship on millions of Americans.
Posted on 9/26/15 at 10:25 am to kywildcatfanone
Yeah, the savings the entire country is enjoying will help ease the burden of the trucknut market crashing.
Posted on 9/26/15 at 10:31 am to kywildcatfanone
quote:
Oh, and for those who seem to forget, $4 a gallon gas is a true hardship on millions of Americans.
Is that why people are buying more gas guzzling vehicles now? These people aren't exactly saving the extra $1000 or so per year on gas like some of you are spouting. They're spending it. The exact same thing that you are ripping on O/G people for.
Low Gas Prices Give SUV Sales a boost
quote:
Cheap gas prices helped make that happen, as sales of trucks, SUVs and luxury vehicles rose rapidly. Jeep's sales, for instance, were up 40 percent on increased consumer demand for crossover SUVs. Meanwhile, demand for hybrid and alternative-fuel vehicles shrank.
July auto sales top expectations, boosted by SUV and trucks
quote:
Ford economist Yong Yang said cheaper fuel prices and low interest rates helped boost sales. The Federal Reserve may raise interest rates in September
Posted on 9/26/15 at 10:35 am to abitabrewed4LSU
I know you think you're proving one point, but you're actually just proving that lower prices are good for other parts of the economy and other businesses. People will spend that money saved on other goods.
Posted on 9/26/15 at 10:36 am to abitabrewed4LSU
quote:
Is that why people are buying more gas guzzling vehicles now? These people aren't exactly saving the extra $1000 or so per year on gas like some of you are spouting. They're spending it.
Did you read my post? I didn't condone any such thing, I said the opposite.
Posted on 9/26/15 at 10:37 am to GREENHEAD22
I wasn't referring to your post 
Posted on 9/26/15 at 10:39 am to GreatLakesTiger24
One sector of the economy suffers while others grow, and then the reverse happens. Just proves the economy is a fluid things and there are ebbs and flows each direction.
Which is why I advocate that you save more and spend less. Dave Ramsey and Clark Howard are right in most every instance.
Which is why I advocate that you save more and spend less. Dave Ramsey and Clark Howard are right in most every instance.
Posted on 9/26/15 at 10:39 am to Tiguar
Id like to read more on the issue of saving that lots are bringing up. I was tought that I should have enough raining day saving to sustain for 3 months. This was always the rule of thumb in my family. I read in this thread that someone has 3 YEARS worth saved! That to me is incredible. I'm 31 with 2 kids. My wife and I together are hailing in close to 200k a year and I can't imagine when we would see the number to sustain for 3 yrs! We don't live outside of our means but we also don't live in a trailer and drive beat up vehicles. WTF do these ppl supposed to do? Save every penny earned waiting for oil prices to plunge? Most industries in some aspect are risky and I don't see the rest of America living frugal. I guess it's just the over paid OF workers who are supposed to live that way? NOW, before I get roasted I am by no means referring I those who spend their entire check before they even receive it. Those guys are dumb and when they're having to sell evvvvverything I don't feel bad.
Posted on 9/26/15 at 10:44 am to kywildcatfanone
quote:
Did you read my post? I didn't condone any such thing, I said the opposite.
Yes. I know. I'm pointing out that people in and out of O/G aren't necessarily saving when they can.
Low gas just means people can upgrade their vehicles. They aren't necessarily saving their money due to low gas prices.
Posted on 9/26/15 at 10:46 am to kywildcatfanone
For every one you know that is like that there are ten you dont know who arent.
Posted on 9/26/15 at 10:56 am to Taurus
quote:
My point was about how production being so high here and in Canada has played a part in the oil prices plunging.
World economies and governments also played a part.
Either the oil industry misjudged how the surge in production would impact oil prices this much or simply didn't give a shite.
Gotcha.
A big factor was a misjudgement in how OPEC would react to losing market share to the US and Russia. Typically when production gets too high, they will cut in order to keep pricing high. This time, theyre playing chicken
Posted on 9/26/15 at 11:27 am to JJBTiger2012
quote:
My wife and I together are hailing in close to 200k a year
Then you should easily be able to save 3 years of expenses in a relatively short period of time.
quote:
Most industries in some aspect are risky and I don't see the rest of America living frugal.
Why does everyone worry about what someone else is doing. Take care of yourself and your family first, and don't get caught up in "keeping up with the Joneses".
Posted on 9/26/15 at 11:30 am to abitabrewed4LSU
quote:
Low gas just means people can upgrade their vehicles. They aren't necessarily saving their money due to low gas prices.
True, and when tough economic times hit their job/sector, they will be suffering too. For me personally, low gas prices today are going to be high gas prices tomorrow, and the trend over the last 40 years is that for every decrease, there is a following increase that pushes the baseline higher. To me, that means I need to be saving more.
My point is not to pick on O&G people, but all people can be prepared for rainy days, but it does require sacrifice, especailly when times are good, which is really difficult for most people to grasp.
Posted on 9/26/15 at 11:31 am to GREENHEAD22
quote:
For every one you know that is like that there are ten you dont know who arent.
Agreed, so my original point. Take care of yourself when you can and be prepared for the ups and downs as best you can. Most people aren't doing that, but they are the 1st to complain when the tough times hit them.
Posted on 9/26/15 at 11:36 am to GreatLakesTiger24
quote:
Exactly.
Like i said earlier, nobody wants to see people out of work, it's awful. But to try and make people feel guilt about enjoying lower gas prices is extremely pathetic.
You you fail to realize is those oil field workers are directly responsible for the glut on the market and your new low gas price.
Posted on 9/26/15 at 11:44 am to stout
quote:
I know you think you're proving one point, but you're actually just proving that lower prices are good for other parts of the economy and other businesses. People will spend that money saved on other goods.
I was pointing out that people aren't saving their money due to low gas prices. Read it more carefully. This message was intended for people vilifying O/G people for not saving their money. Well, neither are non-O/G people with their increased saving due to low gas prices. They just buy vehicles that are larger, with worse MPG.
Posted on 9/26/15 at 11:50 am to abitabrewed4LSU
quote:
This message was intended for people vilifying O/G people for not saving their money.
The point of that is that O&G is a very volatile industry. That's why people are saying they should have saved more.
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