- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Oil field layoffs are really hitting SLa
Posted on 9/24/15 at 1:30 pm to musick
Posted on 9/24/15 at 1:30 pm to musick
quote:
If they are hiring you at this position that seems to be the case. This is a good sign. Good luck at your new gig.
Thanks.
It seems like a good opportunity. I've grilled the guys pretty good on this type of stuff and the answers they've given were good and made sense.
The new gig takes my commute from 160 miles/day to about 40. So yea there's that.
0
Posted on 9/24/15 at 1:31 pm to tgrbaitn08
quote:
how much better is your life that you're saving $15-$30 a week?
You must be really really poor if saving $30 a week is worth thousands of people losing their jobs.
Its not my job to care about anyone except my family. I am to provide for them. And saving one penny affects me more than people I don't know having to sell their $40k trucks and $600 coolers.
My give a damn is at 0 on this one. They knew the risk.
Posted on 9/24/15 at 1:31 pm to tgrbaitn08
quote:
how much better is your life that you're saving $15-$30 a week?
You must be really really poor if saving $30 a week is worth thousands of people losing their jobs.
That $1500+ a year buddy. That's a tidy sum for my family.
Posted on 9/24/15 at 1:31 pm to SCOOBA_OLD
quote:who cares about them anyway, it's about the low gas prices.
A lot of small restaurant and family businesses are closing too.
Posted on 9/24/15 at 1:32 pm to ForeverLSU02
A lot of my contacts tell me that even though every part of the industry is being hit hard, the best thing to be in right now is construction and safety.
Safety is a must on every project
Operators are doing their repairs/construction now in hopes of an upturn in the price
Safety is a must on every project
Operators are doing their repairs/construction now in hopes of an upturn in the price
Posted on 9/24/15 at 1:32 pm to WavinWilly
quote:
I work for an OSV company. This does not seem to be the case. OSV companies are taking massive cuts in rates.
and are having massive layoffs as well as stacking a shite ton of vessels.
Posted on 9/24/15 at 1:32 pm to LSU316
quote:
healthcare went through the same thing 4-5 years ago.
You think healthcare IT is no longer "bloated"? I'm not sure exactly what you mean by bloated, but the adoption of EMRs has greatly increased the field of healthcare IT/IS. I guess that's the "bloating" which occurred 4-5 years ago but there doesn't seem to be a drop off in opportunities in that field now.
Posted on 9/24/15 at 1:32 pm to anc
Ice in your veins Baw.
Their kids, that won't make those decisions, will be hurt. I think that's what people mean about feeling bad for them. The kids.
Their kids, that won't make those decisions, will be hurt. I think that's what people mean about feeling bad for them. The kids.
Posted on 9/24/15 at 1:33 pm to Forkbeard3777
quote:
You can do lots of things with mechanical that are not petroleum: oil and gas related, correct?
From the little that I know, and it may be incorrect, it's the ones that got their degrees in petroleum engineering that should be panicking as I don't think the degree transfers into other areas of engineering.
Yeah I realize that. But I feel like a lot of them would prefer to go into the oilfield/stay around here if they can. But you're right, they can still get a job which is good.
Posted on 9/24/15 at 1:33 pm to anc
quote:
And saving one penny affects me more than people I don't know having to sell their $40k trucks and $600 coolers.
I think its funny how everytime this thread pops up, everyone assumes the only people getting laid off are O&G guys with inflated salaries
fact is in LA, TX, any O&G driven economy, companies not necessarily associated directly with O&G are starting to feel this downturn
and those people don't have O&G salaries
This post was edited on 9/24/15 at 1:36 pm
Posted on 9/24/15 at 1:33 pm to makinskrilla
quote:
That $1500+ a year buddy. That's a tidy sum for my family.
And multiply that figure across the families in this country that are not in the oil and gas industry. Significant portions of that money will be spent in other areas of the economy.
Posted on 9/24/15 at 1:33 pm to lsuguru
I've lived in Acadiana for the last 12+ years and have close family and friends in the business. The older folks who've seen it before will be fine because they have been saving, knowing it could happen again. The under 35 crowd that I know personally in the industry are the ones who are driving nice trucks, fishing new boats, leasing expensive blinds, and living in nice homes. That's great, but most didn't think it could happen and they don't have the kind of rainy day fund put away to handle prolonged unemployment. I really hate it for any of them, but I've been through it with a failed business when I was younger and I believe (hope) important lessons will be learned.
It sucks for everyone here, in the industry or not.
It sucks for everyone here, in the industry or not.
Posted on 9/24/15 at 1:34 pm to tgrbaitn08
quote:
how much better is your life that you're saving $15-$30 a week?
You must be really really poor if saving $30 a week is worth thousands of people losing their jobs.
That is a really stupid argument. No one is rooting for these people to lose their jobs, but they shouldn't feel an obligation to pay more for gas to subsidize someone else's livelihood.
Posted on 9/24/15 at 1:34 pm to JJBTiger2012
It's not like that area didn't understand the nature and history of the business. Those that didn't save, and have a secondary trade can only blame their self.
Posted on 9/24/15 at 1:35 pm to anc
such a bad arse, I bet you have truck nuts hanging from your Honda Accord
Posted on 9/24/15 at 1:35 pm to BilJ
quote:
That is a really stupid argument. No one is rooting for these people to lose their jobs, but they shouldn't feel an obligation to pay more for gas to subsidize someone else's livelihood.
Posted on 9/24/15 at 1:35 pm to panterica
This is just me thinking out loud, bear in mind I don't know anyone who works in the industry and have had no experience with oil field workers, their salaries, or their vehicles other than to come here and read about them. Why not just pay them a normal wage that could sustain the amount of workers each company has through the ups and downs of such a volatile field? Or is it that they simply live in trailers but spend more money on HD vehicles to fit in? Help me out here... are they likened to plant workers, overpaid to do shite work and they are essentially plug-n-play?
Posted on 9/24/15 at 1:35 pm to tgrbaitn08
Now you're just being silly. Nobody puts truck nuts on an accord. That's crazy talk.
Posted on 9/24/15 at 1:36 pm to tgrbaitn08
quote:
how much better is your life that you're saving $15-$30 a week?
You must be really really poor if saving $30 a week is worth thousands of people losing their jobs.
I am saving around 40 bucks every time i gas up, 1-2xs per week. My wife saves about the same she gases up 1-2 xs per week. Lets just say conservatively I am saving 120 bucks a weeks. If that held, thats 6240 bucks a year for my family. So frick you, that is significant to me.
Posted on 9/24/15 at 1:36 pm to BigPerm30
quote:
It's the ebb and flow of that particular industry. When times are good they pay probably a 50% premium to these employees for the jobs they actually do. They should be saving the premium for hard times instead of purchasing jacked up trucks and $600 ice chests.
I mean this right here. The O&G companies managed to find ways to make billions of dollars when oil was $50 a barrel back in the 90's and gas was <$1.00/Gal. Are Shell and BP going to go belly up because of this? Haven't they been screaming "Drill Baby Drill" for the last 15 years?
The industry will pause, retool,and proceed. Reduced energy costs are good for commerce. Its not like the O&G industry is going to disappear.
Hell, I'm actually kinda excited about it in Construction. All of the good subcontract hands that left commercial and went to industrial because of the $$$ will hopefully migrate back and we'll get better subs/quality.
Page 5 of 28
Popular
Back to top
Follow TigerDroppings for LSU Football News