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Started By
Message
re: Oil field layoffs are really hitting SLa
Posted on 9/26/15 at 11:53 am to kywildcatfanone
Posted on 9/26/15 at 11:53 am to kywildcatfanone
quote:
Then you should easily be able to save 3 years of expenses in a relatively short period of time.
bullshite. Daycare, Insurance, medical bills that said insurance doesn't cover. BCBS by the way.
quote:
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".
Wasn't implying that I give a shite about the next man or keeping up with anyone. Was only referring to the beat down that OF workers get for their apparent wreck less spending habits...
1
Posted on 9/26/15 at 12:04 pm to stout
quote:
The point of that is that O&G is a very volatile industry. That's why people are saying they should have saved more.
True. I never said that people in O/G shouldn't have saved their money due to the industry's volatility.
Posted on 9/26/15 at 12:04 pm to Taurus
The 70s and 80s saw the highest dependence on foreign oil the country has ever seen. At times we were completely at the mercy of middle eastern sources. That's what you want to go back to?
Posted on 9/26/15 at 12:10 pm to kywildcatfanone
quote:If you haven't seen hundreds or even thousands of posts mentioning about how all the people without any skills or intelligence to speak of in the O&G industry are vastly overpaid, you intentionally buried your head in the sand.
I agree that the riskiest jobs should have pay that matches the risk, not sure if anyone has argued against that.
Posted on 9/26/15 at 12:12 pm to JJBTiger2012
quote:
Bull shite. Daycare, Insurance, medical bills that said insurance doesn't cover. BCBS by the way.
Maybe I misread your original note. I thought you said you and your wife made $200K/year together. If you are making that kind of bank, you should have plenty of money to save, unless of course your lifestyle says otherwise, which was my point to begin with.
Posted on 9/26/15 at 12:18 pm to kywildcatfanone
3 years is an unfeasible amount of money to save up.
Posted on 9/26/15 at 12:21 pm to kywildcatfanone
quote:
I thought you said you and your wife made $200K/year together. If you are making that kind of bank, you should have plenty of money to save
OK Obama
Posted on 9/26/15 at 12:21 pm to The First Cut
quote:
The 70s and 80s saw the highest dependence on foreign oil the country has ever seen. At times we were completely at the mercy of middle eastern sources. That's what you want to go back to?
WTF are you talking about? I never even hinted that at all.
I proved your assertion about production was bullshite. That's it and you can't handle the truth so now you're picking at straws. Go back to your sandbox and Tonka toys.
Posted on 9/26/15 at 12:30 pm to GreatLakesTiger24
quote:
Cheaper gas for me > jobs of people I don't know Sorry
You're a complete dumb arse. It WILL effect everyone in our State. From restaurants, to real estate development and on, and on. It will even have a negative effect on YOUR minimum wage job too
Posted on 9/26/15 at 12:36 pm to jennyjones
quote:
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
I'm not gonna pretend to be an expert on the politics of oil & gas, but it seems the Saudis are not happy.
I'm basing this off two articles I've read and one of them here:
quote:
In recent months, however, the Saudis have refused to reduce their production. Part of their strategy may be to force Russia and other large producers to share the cost of limiting production. But Saudi Arabia also faces a long-term problem. As North America and other parts of the world develop new sources of supply, the Saudis will have less influence over the oil markets. Saudi Arabia may therefore be willing to sell their oil at a lower price in order to slow the development of new energy resources.
quote:
Supposedly, too, many recent projects have depended on heavy debt financing. Lenders are less likely to lend aggressively if prices remain low. Lower prices hurt all producers over the short term. But the Saudis may think they will have a much stronger long-term position if lower prices slow the development of new projects. That gives the Saudi Arabia significant incentive to allow, if not engineer, a large drop in oil prices.
Good article
I like the overall production of oil here and in Canada, but if the U.S. can give the finger to OPEC and become more energy independent, then this might be a long term gain for everybody here and the oil industry. Maybe won't return to it's previous highs, but better than now.
Again, I am not an expert on the politics or how bad the Saudis can screw us over.
Posted on 9/26/15 at 12:51 pm to JJBTiger2012
A lot of the oil industry is composed of unskilled oil field trash. Hence the truck nuts, trashy decals, and trucks worth more than their trailers. Either a high school dropout or high school graduate. Why? Because these people know they can earned money that is out of their realm in a regular environment. Which is why they are first to go. The rest of the oil field work force is in a much better situation. It's easier to find a high school dropout than a quality professional. Which is also why the professionals get canned only in severe situations. You want a stable job then get a skill.
Posted on 9/26/15 at 1:01 pm to HVO Joker
quote:
The rest of the oil field work force is in a much better situation. It's easier to find a high school dropout than a quality professional. Which is also why the professionals get canned only in severe situations. You want a stable job then get a skill.
That's typically the case. Right now, not so much. Engineers and middle management have been getting hit hard during this round
Posted on 9/26/15 at 1:07 pm to jennyjones
(no message)
This post was edited on 9/26/15 at 1:09 pm
Posted on 9/26/15 at 1:14 pm to Taurus
quote:
I'm not gonna pretend to be an expert on the politics of oil & gas, but it seems the Saudis are not happy.
No, they're not at all. They can produce cheaper than anyone else, but their social welfare depends on a large margin.
They probably did not expect the plunge go last as long as it has and is predicted. Somethings got to give at some point
Posted on 9/26/15 at 1:36 pm to jennyjones
quote:
OK Obama
Typical response from someone who is only making my point. Congrats.
Posted on 9/26/15 at 1:38 pm to TheIndulger
quote:
3 years is an unfeasible amount of money to save up.
Is 6 months, 1 year. If you have even that kind of rain day fund, you should be able to weather a layoff and have time to breathe while you figure out your next move.
You would be surprised, once you save 6 months of income, you can see how you can save 12, and so on.
Again, it usually comes down to lifestyle choices, and if folks are going to argue that, then I'm done trying to reason.
Posted on 9/26/15 at 1:44 pm to jennyjones
What if we starting exporting? Wouldn't that help bring oil & gas back up?
It seems our ability to be a producer is changing the game globally.
Link below also talks about the export ban Obama refuses to lift. That would be the global game changer moreso.
LINK
It seems our ability to be a producer is changing the game globally.
Link below also talks about the export ban Obama refuses to lift. That would be the global game changer moreso.
LINK
Posted on 9/26/15 at 1:55 pm to kywildcatfanone
quote:
Typical response from someone who is only making my point. Congrats.
How so?
This post was edited on 9/26/15 at 1:57 pm
Posted on 9/26/15 at 2:02 pm to jennyjones
quote:
How so?
You quote my quote from a guy saying he makes 200K a year and I mention that he should be able to save money.
Your response, "OK obama". I guess the idea of personal responsibility is beyond your grasp.
Posted on 9/26/15 at 2:03 pm to Taurus
How would us exporting solve a global surplus?
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