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re: People the grew up during the Louisiana Oil Boom in the 1970/1980s, what was that like?
Posted on 6/29/24 at 4:51 pm to Jim Rockford
Posted on 6/29/24 at 4:51 pm to Jim Rockford
quote:
I paid $200 a semester tuition at LSU
That part is true.
Now they are paying what $6000?
0
Posted on 6/29/24 at 7:58 pm to LSUfan4444
quote:
Most of the West Bank in New Orleans falls into this category. The biggest factor to its decline was the oil field crash.
What decline?
Posted on 6/29/24 at 11:08 pm to CitizenK
Still one of the wealthiest!
Posted on 6/29/24 at 11:23 pm to CroatianTiger
All I remember is a trucker's strike, Alf, army men, and an electronic game called Simon.
Posted on 6/29/24 at 11:25 pm to CroatianTiger
The New Orleans skyline was built on Poydras Street.
Posted on 6/29/24 at 11:30 pm to CroatianTiger
"Lafayette had the most millionaries per capita in the country at that point"
Didn't realize they had clickbait back in the 70s and 80s too
. No, no Laffayette did not then. Several reasons why not. First if it were going to happen anywhere in oil and gas, it'd be Midland, TX. Lafayette really doesn't have that much oil/gas operators, just offshore service companies and pumpers. Offshore service companies and pumpers make considerably less money than say a reservoir engineer for Exxon. Like a lot less money.
Also if we're talking about this state, then Shreveport area has the most oil and gas in the entire state between all state line. If you're talking offshore wells, then that money goes to the government. No citizen in Laffy gets that.
However, no it was not any oil city with that distinction. Try Silicon Valley (even then) Manhattan, San Francisco, Napa Valley, Cambridge MA, the Hamptons. It would've come from somewhere in SF bay, NY metro somewhere, or Boston metro.
I can assure you Laffy didn't have more millionaries per capita in 70s and 80s than the Hamptons, Napa Valley, Silicon Valley, Cambridge, SF, Manhattan, etc.
Didn't realize they had clickbait back in the 70s and 80s too
. No, no Laffayette did not then. Several reasons why not. First if it were going to happen anywhere in oil and gas, it'd be Midland, TX. Lafayette really doesn't have that much oil/gas operators, just offshore service companies and pumpers. Offshore service companies and pumpers make considerably less money than say a reservoir engineer for Exxon. Like a lot less money. Also if we're talking about this state, then Shreveport area has the most oil and gas in the entire state between all state line. If you're talking offshore wells, then that money goes to the government. No citizen in Laffy gets that.
However, no it was not any oil city with that distinction. Try Silicon Valley (even then) Manhattan, San Francisco, Napa Valley, Cambridge MA, the Hamptons. It would've come from somewhere in SF bay, NY metro somewhere, or Boston metro.
I can assure you Laffy didn't have more millionaries per capita in 70s and 80s than the Hamptons, Napa Valley, Silicon Valley, Cambridge, SF, Manhattan, etc.
This post was edited on 6/29/24 at 11:45 pm
Posted on 6/29/24 at 11:33 pm to CitizenK
Y'all realize the 2014 oil crash was exactly as bad as 80s. Same exact price inflation adjusted, same exact fall price inflation adjusted.
This goes down as the 4 lb fish a guy caught, well after getting passed down 20 times of chains of storys from friend, the last guy heard it was 74 lb fish.
The mid-80s crash was exact same as mid 2010s crash. Evidence below.
LINK
This goes down as the 4 lb fish a guy caught, well after getting passed down 20 times of chains of storys from friend, the last guy heard it was 74 lb fish.
The mid-80s crash was exact same as mid 2010s crash. Evidence below.
LINK
Posted on 6/29/24 at 11:35 pm to BobABooey
When was LSU tuition ever subsidized by oil money? This sounds made up. Oil prices in 2013 and 2014 were the exact same as early 80s when adjusted for inflation. Why did it not help tuition in 2013/14 then?
Posted on 6/29/24 at 11:47 pm to CitizenK
My office is in that zip code.
Posted on 6/30/24 at 3:38 am to choupiquesushi
quote:
“Hmmm this sounds real familiar to one of my dad's friends.. last name starts with an L?”
That’s correct, small world,
See your a Tulane fan, perhaps SF?
“Hmmm this sounds real familiar to one of my dad's friends.. last name starts with an L?”
That’s correct, small world,
See your a Tulane fan, perhaps SF?
This post was edited on 6/30/24 at 3:55 am
Posted on 6/30/24 at 7:16 am to FlaTiger25
quote:
New Iberia had Millionaire Row.
Where was that? Never heard that I don't think. Blue Haven maybe?
Posted on 6/30/24 at 7:59 am to Saunson69
quote:
Y'all realize the 2014 oil crash was exactly as bad as 80s
Our economy wasn’t nearly as dependent on oil in 2014 as it was in the 80’s.
Posted on 6/30/24 at 8:43 am to CroatianTiger
As a kid I had a friend whose dad worked for some capacity in the oil business. In 1983 they had a nice house out in the country, a swimming pool, a bass boat, a batting cage with a jugs machine, a Dixon lawn mower... they were spending money. Husband and wife with three sons and a daughter. A few years later they are bouncing from rent house to rent house, I think the mom was a cashier at a drug store or something like that. They weren't destitute, they recovered and made a life, but to my knowledge never got back to that $ level again with the ability to spoil yourself at will.
Posted on 6/30/24 at 9:10 am to CroatianTiger
It was incredible. One year I got a 30% raise. My company was spending money on their employees like a drunken sailer on R&R. They sent me to one of them New Age Self Actualization Sessions complete with a description of the Johari Window. You know New Age crap. Some of it was informative - like how to structure a meeting so that everyone is able to be heard. Anyway, it was a great time to be in O&G. Sad, now Joe Biden and his Climate Change loony toons are trying to destroy fossil fuel energy.
Posted on 6/30/24 at 9:24 am to BK Lounge
quote:I lived 2 miles from Gilleys and never went. The Redneck attitude era was reborn then. Every dude except me had a truck you needed a ladder to climb in. A school now sits where Gilleys once stood. I drive by every now and then.
like Pasadena TX
Posted on 6/30/24 at 9:30 am to Saunson69
quote:Early 70's, Morgan City held that distinction.
I can assure you Laffy didn't have more millionaries per capita in 70s
Posted on 6/30/24 at 10:25 am to CroatianTiger
All I remember is that the first steak house I ever went to was Sig’s in Port Sulphur with my dad. Place was always full of the executives that were coming/going to Venice.
Posted on 6/30/24 at 11:04 am to FlaTiger25
No only a Tulane fan because on my oldest and dearest buds kid plays for them.
Posted on 6/30/24 at 11:27 am to notiger1997
quote:
Our economy wasn’t nearly as dependent on oil in 2014 as it was in the 80’s.
This.
Posted on 6/30/24 at 11:47 am to Thecoz
quote:
I remember the only growth was the massive swell of our hr department as the geologist and engineers ( guy that generates growth)… all disappeared.. I recall. Diversity training ( sexual.. etc) classes in the 1990 .. upward mobility targets focusing on the skills of race and gender.. yeah they actually had them in the pie charts.... only mistake I made was not getting on with a large independent earlier.. those disappeared and you were paid for your impact to the company..not pie chart..
So this litany is meant to convince us that the energy majors COMPLETELY abandoned actual geotech growth in favor of HR growth? For how long?
Taking XOM as a representative example, its market cap in 1995 was ~$50B - now it's ~$500B.
Why didn't you stick it out? Doesn't sound like the DEI shite mattered at all (to the negative).
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