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Started By
Message
re: Oil field layoffs are really hitting SLa
Posted on 9/24/15 at 1:45 pm to Mo Jeaux
Posted on 9/24/15 at 1:45 pm to Mo Jeaux
quote:
And multiply that figure across the families in this country that are not in the oil and gas industry
Multiply that figure across families not I any way tied to the oil economy in south Louisiana and you are damn near multiplying by zero. I am all on the train of calling people who made 150k, but have nothing in savings being called idiots. I spent time with my financial advisor discussing how many months of expenses I had if I was laid off. But it's stupid when people think that this won't affect them if they live in south LA at all. It might not be that big of a deal compared to those laid off, but I'd bet it is enough to offset that 30 bucks a week saved at the pump. Lawyers, construction workers, retail, are all going to feel it somewhat. We're talking about a huge percentage of the state's economy.
1
Posted on 9/24/15 at 1:45 pm to LSU316
quote:
I was thinking more along the lines of the huge payouts medicare/Medicaid gave out for nominal or subpar services.
Ah, yes I agree
quote:
It has for the big systems.....but for the mom and pop doctor shops that piggy back off of the big systems it has made their lives easier (not in the short term).
It has also made CMS see the need for more stringent documentation and control of medicare-funded services.
I agree with that. I thought your post was directed at healthcare IT, and not healthcare in general. If anything, healthcare IT/IS is booming.
Posted on 9/24/15 at 1:46 pm to Jim Rockford
quote:
So you're saying everybody not in the oil patch should pay a $15-$30 weekly tax to subsidize oilfield workers. Workers in every industry would love that kind of assistance from their fellow citizens.
amazing how suddenly socialistic people can become once it affects them personally.
Posted on 9/24/15 at 1:46 pm to elprez00
quote:
Which is a ton of money for unskilled labor.
So what is the adequate pay level for unskilled labor?
Posted on 9/24/15 at 1:46 pm to tgrbaitn08
quote:
If you got laid off of your job, do you have enough money saved up to be out of work and still support you family and lifestyle for a year? 6 months?
If I lost my job, I could sit on my arse and do nothing, and provide for my family at the same level for at least 3 years. I save 35% of my gross salary.
Posted on 9/24/15 at 1:46 pm to BigPerm30
quote:
You are probably making at least 30% more as an engineer in the O&G industry than an engineer not in the industry.
Depends, if you're only talking salary he's probably at or even below what most engineers with equivalent work experience. Most O&G engineers (at least upstream) make most of their money on ticket or day bonuses. If there aren't new jobs, then there aren't bonuses, and his salary is lower than what he's worth.
Posted on 9/24/15 at 1:46 pm to KG6
quote:
It's not that everyone gets paid crazy money for very little skill. I personally know 3 people with engineering degrees laid off yesterday. I've not been worried for my own job, but after this round, there aren't that many low-hanging fruit left. I am concerned at this point. I have an engineering degree, have moved up quickly in the company, and have been explicitly told I am considered a high potential employee that they look for me to advance within the company. Even still, I am worried for my job over the next year. It's not just joe blow pulling pipe wrenches that is being affected.
And even joe blow who has no skill is getting paid because he's willing to do something no one else is willing to do. Live on a little man made island in the middle of the gulf for
weeks at a time working 12 hour shifts. That's why he get's paid so much, not because the oilfield is stupid and is throwing money around like it's fake. They have to pay to get people who are willing to do that.
Spot on
Also, if not having an extra $6-7000 a year in fuel costs helped ppl, even ppl that I DONT KNOW, keep their jobs I'd be ok with it. I'm a father of two and could not imagine getting home to them knowing that I just lost my means to support them. It's just awful..
This post was edited on 9/24/15 at 1:53 pm
Posted on 9/24/15 at 1:46 pm to anc
quote:
If we want to stop beating around the bush, you and I both know that a lot of these people pissed away good money on toys and other crap, and are in the position they are in because they bought shite they couldn't really afford.
These aren't just field workers. Shell just laid off people from One Shell Square. Chevron is laying off people in Covington. These are professionals in fields like accounting, IT, business development, HR, engineering, logistics and supply chain. These are people in their 50's with families that are getting laid off now. It's pretty damn ugly.
Posted on 9/24/15 at 1:47 pm to elprez00
You're correct you don't owe me anything, but I have made you upset and use all caps, and that is essentially all I was going for.
Posted on 9/24/15 at 1:47 pm to KG6
quote:
if they live in south LA at all. It might not be that big of a deal compared to those laid off, but I'd bet it is enough to offset that 30 bucks a week saved at the pump.
we could make this argument for any entitlement program. What's a few extra bucks to you to fund _______? Instead we bash on them for wanting hand outs.
This post was edited on 9/24/15 at 1:49 pm
Posted on 9/24/15 at 1:48 pm to BilJ
That's why I always laugh at these type threads. We don't live in Iran. It is not the publics responsibility to maintain the O&G business.
Posted on 9/24/15 at 1:48 pm to BilJ
I think the point most are making is that if you live in LA, TX, etc it doesn't matter if you work in O&G or not, you are affected by this downturn one way or another.
You want O&G to be booming. Its a good thing for all of us down here.
You want O&G to be booming. Its a good thing for all of us down here.
Posted on 9/24/15 at 1:48 pm to Jim Rockford
quote:
So you're saying everybody not in the oil patch should pay a $15-$30 weekly tax to subsidize oilfield workers. Workers in every industry would love that kind of assistance from their fellow citizens.
I take no pleasure in people losing their jobs, but that's capitalism. There are winners and losers, and the winners and losers today could be reversed next year. The people with a few extra dollars in their pocket now due to oil prices shouldn't be obligated to bail out the oil patch, any more than the oil patch should be obligated to bail out anybody else.
Remember those "let them freeze in the dark bumper stickers?" Karma has a way of coming back around.
This is all true with the big exception of Government Motors and Chrysler
Posted on 9/24/15 at 1:49 pm to anc
quote:
I figured $45k-$50k. I have no idea.
But that's good money for skilled labor.
Your basic Roughneck is going to make that, and thats unskilled labor. Pipefitters/Welders are going to make $50-60/hr or more with fringe benefits. Thats what I said in my earlier post, all the qualified guys in commercial have jumped ship to industrial.
Posted on 9/24/15 at 1:49 pm to Epic Cajun
quote:
If anything, healthcare IT/IS is booming.
Oh indeed.
Posted on 9/24/15 at 1:51 pm to LSU8654722
quote:Poor financial skill are only an attribute of the African American community, got it.
Of course with oil worker's "African American Rich" spending habits, they're still hurting.
Posted on 9/24/15 at 1:51 pm to jennyjones
quote:
This is all true with the big exception of Government Motors and Chrysler
Which shouldn't have happened either. Nor the bank bailouts.
Posted on 9/24/15 at 1:52 pm to LSU316
It is. That was my previous IT field before this one. Health Care is off the charts in terms of IT right now.
Posted on 9/24/15 at 1:53 pm to LSU8654722
quote:
So what is the adequate pay level for unskilled labor?
General Labor goes for $10-12/hr. I get them all the time. Thats the rate most temp/staffing services are going with. So you can make double that rate doing oilfield work.
I say again, if you have a problem with that, then go acquire a skill. Then you'll make more money.
This post was edited on 9/24/15 at 1:54 pm
Posted on 9/24/15 at 1:53 pm to elprez00
quote:
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 majors aren't getting hurt, per se. Those companies are large enough that it typically evens out. Upstream (drilling) is taking hits, but downstream (refining) margins are still through the roof. Cheaper crude is just means lower raw material costs. The issue is that South LA relies heavily on the majors upstream, independent upstream companies, and all related contractors.
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