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Started By
Message
re: Oil field layoffs are really hitting SLa
Posted on 9/24/15 at 1:53 pm to Jack Daniel
Posted on 9/24/15 at 1:53 pm to Jack Daniel
quote:
Jack Daniel
Since you want to use my name to act like I have made fun of people losing jobs (I haven't) I just want to take this opportunity to point out this wonderful prediction you made when I said this would happen last October
Drop in gas prices has nothing to do with oil field jobs, they do not quit drilling based on gas prices. Prices are low because there are alot of oil and gas jobs
Then you went on to say...
quote:
Thats what I do, I work for a company that ships crude oil and i buy/sell crude oil all day.
You are a master at your craft in predicting the crude market and knowing when to buy no doubt.
1
Posted on 9/24/15 at 1:53 pm to anc
quote:Exactly. I can't feel sorry for someone that doesn't understand budgeting and saving. Its not my fault an individual's marginal propensity to consume is at 100%
Selfishness is a pretty American virtue, and I agree with him. Cheaper gas affects my family. I hope that the people affected by layoffs properly considered Rick/Reward ratios and saved their money for a rainy day. There was enough historical data to show that this day was coming.
Posted on 9/24/15 at 1:53 pm to Salmon
quote:
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.
Not arguing against that, but like someone pointed out there are winners and losers on both sides of cheaper gas and vice versa for higher prices. I wouldn't expect either side to feel an obligation to the other.
Posted on 9/24/15 at 1:53 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
Actually when I had an engineering title, it really wasn't much more. I was in the 50's out of college. I have made ton's more getting into operations and such, but I also worked a lot more than the average joe. I was pulling all nighters regularly. I'm on call 24/7. I have multi-million dollar projects under my control constantly. The pay is high, but so is the stress and workload.
The industry exploded in deepwater recently. It takes that many people to operate at that time when the operators are spending the money, you have to hire people to get them what they need. But they have puckered up with a quickness, so there's a lot of people getting laid off. It is what it is, but I don't think it's as much of falsely inflated salaries.
Posted on 9/24/15 at 1:53 pm to Jim Rockford
I'm convinced that most Americans are deep down in favor of socialism. If you stripped away social issues from the Politiscape, we'd be the flipping USSR in a year.
Posted on 9/24/15 at 1:54 pm to JJBTiger2012
eventually everyone is separated from their job, but sucks when it happens before its time has fully come.
Posted on 9/24/15 at 1:54 pm to Salmon
quote:
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
excellent point. Moreover, tax revenues for those states that get them from the industry will suffer as well. So to think its a minority of people directly affected by this is pretty naive.
Posted on 9/24/15 at 1:54 pm to Salmon
quote:
so what about engineers not in the industry getting laid off?
I thought we were talking about the O&G industry? I mean I don't have an answer to every engineer that is getting laid off.
I worked in the industry for about 4 years and I know what type of money a lot of those guys were getting. Most of them weren't worth a quarter of what they were getting paid. It seemed like they just needed a warm body to maintain their budgets for future years.
Posted on 9/24/15 at 1:54 pm to WavinWilly
Its definitely getting bad down here and everyone is feeling it somewhere. However, its the choices people made when times were good that is determining their fate now.
I have a customer that lost his job about two months ago. His response when I asked him how he was going to handle it, "Well because I saved a bunch of money over the last 5-6 years, the only thing that this effects is me waiting on building my house for a year or so."
Kudos to him and good luck to those suffering through this time.
I have a customer that lost his job about two months ago. His response when I asked him how he was going to handle it, "Well because I saved a bunch of money over the last 5-6 years, the only thing that this effects is me waiting on building my house for a year or so."
Kudos to him and good luck to those suffering through this time.
Posted on 9/24/15 at 1:54 pm to JJBTiger2012
quote:
Oil field layoffs
Damn! You mean these jobs aren't stable...who knew
Posted on 9/24/15 at 1:55 pm to LSU316
Guy I went to school with dropped out and laughed at us all for getting college degrees. Got a job in the oil field. Bought his brand new sports car, new house, and even got married. Saw him at the bar a couple years back and he laughed when I mentioned student loans, even bought a round of beers because he says he "skipped some steps in life and money is not an issue."
These are the assholes I don't give two fricks about when gas is cheap.
He now sells advocare and drives a rental.
These are the assholes I don't give two fricks about when gas is cheap.
He now sells advocare and drives a rental.
Posted on 9/24/15 at 1:55 pm to BilJ
quote:
like someone pointed out there are winners and losers on both sides of cheaper gas and vice versa for higher prices
in LA and TX, we are all losers in this downturn
Posted on 9/24/15 at 1:56 pm to tgrbaitn08
quote:
you do realize that the industry starting tanking 1 year ago. Layoffs started last Oct/Nov and have been increasing every month since.
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?
tell them what most of the far right tell the other unemployed folks, go get a job at a fast food place they're always hiring. Better than nothing right?
Posted on 9/24/15 at 1:56 pm to BigPerm30
quote:
I thought we were talking about the O&G industry? I mean I don't have an answer to every engineer that is getting laid off.
what I was saying is that this downturn affects more than just the direct O&G industry
Posted on 9/24/15 at 1:56 pm to stout
quote:
Drop in gas prices has nothing to do with oil field jobs, they do not quit drilling based on gas prices. Prices are low because there are alot of oil and gas jobs
What a moronic statement.
Posted on 9/24/15 at 1:57 pm to Jim Rockford
quote:I've been on the fence on this since it happened. We spent our whole semester in my ECON 408 class talking about it. I think the alternative really would have been far worse than the great depression.
Which shouldn't have happened either. Nor the bank bailouts.
Posted on 9/24/15 at 1:57 pm to tigerbru17
quote:
Guy I went to school with dropped out and laughed at us all for getting college degrees. Got a job in the oil field. Bought his brand new sports car, new house, and even got married. Saw him at the bar a couple years back and he laughed when I mentioned student loans, even bought a round of beers because he says he "skipped some steps in life and money is not an issue."
These are the assholes I don't give two fricks about when gas is cheap.
He now sells advocare and drives a rental.
I still feel bad for him.
Posted on 9/24/15 at 1:58 pm to BilJ
quote:
go get a job at a fast food place they're always hiring.
most of these people getting laid off are over qualified and cant get jobs at fast food places.
Even the fast food places are hurting right now.
Posted on 9/24/15 at 1:58 pm to elprez00
quote:
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.
You have to be doing that job a while to get paid those numbers. Roughnecks make 30-35K a year starting out. Welders who have been working for several years get 50/hr. They actually make around 16-20/hr first couple of years.
That's assuming that work is steady year-round, which it isn't. Some of these guys will go 6 weeks without a check. I'm not playing the "poor oil workers" card, but just letting the uninformed know what these guys actually make and face.
This post was edited on 9/24/15 at 2:01 pm
Posted on 9/24/15 at 1:59 pm to MontyFranklyn
quote:
I've been on the fence on this since it happened. We spent our whole semester in my ECON 408 class talking about it. I think the alternative really would have been far worse than the great depression.
bullshite.
Wouldn't have been anywhere close. Would have been what this country needed - a wake up call, but wouldn't have been a full blown depression.
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