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Started By
Message
re: Oil price has crashed
Posted on 3/8/20 at 11:37 pm to BRgetthenet
Posted on 3/8/20 at 11:37 pm to BRgetthenet
Between this and the current state of health issues, I’m about to flip out.
I was just fine until today —honestly mainly worried about if I’ll be told to work from home which I really can’t as I need to see residents at the nursing home where I work to get the work to do and now I’m flipping out over our dtrs 529 plan. Had just enough leaving us with the last semester to pay for out of pocket — she’s out of state and the third of three. We’d managed it pretty well up until this market crap.
I’m conservative to start with but it’s about to be even more so.
I was just fine until today —honestly mainly worried about if I’ll be told to work from home which I really can’t as I need to see residents at the nursing home where I work to get the work to do and now I’m flipping out over our dtrs 529 plan. Had just enough leaving us with the last semester to pay for out of pocket — she’s out of state and the third of three. We’d managed it pretty well up until this market crap.
I’m conservative to start with but it’s about to be even more so.
This post was edited on 3/8/20 at 11:38 pm
1
Posted on 3/8/20 at 11:47 pm to tiger91
That was an incredibly confusing sentence
But yes.
But yes.
This post was edited on 3/8/20 at 11:48 pm
Posted on 3/8/20 at 11:50 pm to Ed Osteen
Sorry —I do assessments/laperwork/make sure state regs are met but to do so state regs require that I see the resident, actually lay eyes on them and speak with them. Can get medical records from echart and chart from home.
Can’t visit the resident without being at the home.
Can’t visit the resident without being at the home.
This post was edited on 3/8/20 at 11:51 pm
Posted on 3/9/20 at 12:02 am to crewdepoo
quote:
Thanks trump
Why?
Posted on 3/9/20 at 12:04 am to Boring
quote:
Considering suicide atm, not gonna lie.
Why lol
Posted on 3/9/20 at 6:09 am to Boring
Permanent solution to a temporary problem..
Posted on 3/9/20 at 6:21 am to Samso
The real issue is that most oil and gas companies have too much debt and can’t afford to stop. With the price of crude plummeting they’ll be operating at net losses. We’re fixing to see a lot of businesses (smaller ones first) close shop or go bankrupt.
Posted on 3/9/20 at 6:22 am to Tiger Prawn
quote:
As usual, our government is years behind on working to diversify our economy to not be as dependent on oil.
Agree to an extent but what are they going to diversify into?
Posted on 3/9/20 at 6:25 am to Sao
quote:
Gotta learn to code, Baws
Yep. Learn to code, get a job, a few years later, train your new Indian worker on how to replace you and work for less pay.
Posted on 3/9/20 at 6:29 am to kywildcatfanone
Why would you stay at a job without a raise?
Posted on 3/9/20 at 6:32 am to Loup
quote:
was at LSU then. Made 280 bucks every 2 weeks during semester. I couldnt afford to go see my girl friend more than twice a week because she lived 11 miles away. I drove a Corolla.
What the frick where you doing for $140 a week?
This post was edited on 3/9/20 at 6:33 am
Posted on 3/9/20 at 6:38 am to JohnnyKilroy
quote:
Times are bout to be good for plant baws.
Sorry upstream, it's over.
looks like Lake Charles is going to keep ruling the economic roost of LA, then
Posted on 3/9/20 at 6:39 am to LSUBadger
If the rest of the economy is strong, cheap fuel prices are a net benefit. Cheap fuel is cheap transportation, cheap plastic feed stocks means cheaper materials, cheaper petroleum means cheaper energy (nat gas combine cycle producers).
This cheap crude is just shite for new wells in deep water and fracking. This hurts Texas, LA, PA, WV, and OH though.
This may be good to decent times for chemical plants and refineries up and down I-10 and river road and in Lake Chuck, but this is bad news for Lafayette, Houma, and Thibedeaux
This cheap crude is just shite for new wells in deep water and fracking. This hurts Texas, LA, PA, WV, and OH though.
This may be good to decent times for chemical plants and refineries up and down I-10 and river road and in Lake Chuck, but this is bad news for Lafayette, Houma, and Thibedeaux
Posted on 3/9/20 at 6:41 am to Sayre
quote:
Maybe Louisiana can finally stop being a banana republic for the oil and gas industry
how?
Posted on 3/9/20 at 6:42 am to TDcline
quote:
Louisiana should have diversified beyond O&G a lonnnnggggg time ago. Hanging your entire state’s economic stability on a volatile industry is incredibly irresponsible.
They have. Haven’t you seen all the damn trial lawyer signs along the interstate?
quote:
The state has banked on O&G for decades, has been handcuffed by it, has been betrayed by it, and will continue to be stagnant because of it.
The state has been screwed by the corrupt trial attorneys and their corrupt politicians. Haven’t you seen all the billboards along the interstate?
Posted on 3/9/20 at 6:44 am to Sun God
quote:
Is basically just typical LA political/bureaucratic bullshite?
When you couple this with a largely poor school system, state income taxes, property taxes, and sales taxes, it becomes expensive to live here and not attractive.
Plus insurance rates are through the roof because of the trial lawyers suing anyone and everyone for anything and everything.
Posted on 3/9/20 at 6:58 am to CapperVin
Nobody is cheering LA tanking because JBE is in the governors house. The only people cheering for the economy tanking are democrats from outside the state.
Posted on 3/9/20 at 7:24 am to Sun God
From someone directly involved in a huge project that went to Texas instead of Louisiana:
Infrastructure
Legal Climate
Education
Access to Skilled Workforce
Screwed-up Antiquated Tax System
Crime
But the final straw was our trial lawyer governor that totally screwed up the state’s incentive program, and told executives he already had enough petrochemical plants. All the while encouraging his GumboPac buddies to keep on suing us.
Infrastructure
Legal Climate
Education
Access to Skilled Workforce
Screwed-up Antiquated Tax System
Crime
But the final straw was our trial lawyer governor that totally screwed up the state’s incentive program, and told executives he already had enough petrochemical plants. All the while encouraging his GumboPac buddies to keep on suing us.
Posted on 3/9/20 at 7:31 am to Oilfieldbiology
quote:
What the frick where you doing for $140 a week?
Student worker. Could only work 20 hour weeks for $7 an hour. Came with free housing, though. Just had to pay utilities.
Posted on 3/9/20 at 7:37 am to Icansee4miles
If LSU goes 8-4 this year it will probably be because of the trial lawyers.
This post was edited on 3/9/20 at 7:38 am
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