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Posted on 1/21/16 at 8:42 am to Hulkklogan
quote:
Also, I hope this pushes our energy industry to pursue more green energy.
Dirty, Filthy, Stinky Hippie Board
Posted on 1/21/16 at 8:43 am to PhilemonThomas
quote:
No. This was a long time ago when offshore exploration was just begining and the oil companies were looking to set up major offices and before Houston was the major hub it is today. Sure Houston had alot of oil business going on, but not like today. Before there were 4 million people there.
The Krewe thing is an example of how people were general dicks to the new commers to town.
Think about it. Families can be major factors in career decisions amd business. I have a family, I could make more money in Houston. But my family would be miserable. Therefore I resist moving there.
It's like that anywhere though. A friend of mine is a pretty brilliant software engineer in Houston. He works for one of the well known drilling fluids companies in R&D. Once a few folks found out he got his degree in Louisiana and not from Texas or Texas A&M, he was an outcast for a while.
Posted on 1/21/16 at 8:45 am to Havoc
CEO's have to keep their billions baw. Have to cut jobs rather than sacrafice a few million off their salaries.
Posted on 1/21/16 at 8:46 am to BigPerm30
quote:
I don't think it's hate. It's hard for some people to feel sympathy for individuals that are over compensated based on the industry they work in when they should be aware that the over compensation is based on the volatility of the industry and not their skill level.
Posted on 1/21/16 at 8:46 am to Tuscaloosa
Man shut the frick up. You don't have to be such a prick about people losing their jobs. You reap what what you sow.
Posted on 1/21/16 at 8:47 am to terd ferguson
Posted on 1/21/16 at 8:48 am to Salmon
quote:
How is that 401k looking?
China is to blame for most of that.
Posted on 1/21/16 at 8:49 am to TheCaterpillar
quote:
China is to blame for most of that.
You could say they have some of the blame for the drop in the price of oil too.
Posted on 1/21/16 at 8:49 am to SlowFlowPro
quote:
so when times are good, they will buy all sorts of material items to brag and will overextend themselves (again, inability to think/see long term). they will go out of their way to make sure everyone knows of their possessions, too (and with social media, this intensifies) then things turn poorly, they go bust/bankrupt, and this reinforces the lower class mentality by reminding them how fleeting life is. then they live in squalor for a while, reinforcing this mindset, until the next boom happens.
I know a lot of attorneys, generally on the plaintiff side because of the nature of the contingency fee world, that also live this way. Feast famine feast, repeat.
Posted on 1/21/16 at 8:50 am to stout
Stout, I'm talking about houses that listed for <$100K a few years ago on the market for close to $300K right now near my grandparents. That's insane.
Posted on 1/21/16 at 8:51 am to SuperSaint
I hope this isn't really the sentiment with those in O & G being laid off. If your not willing to relocate or take at least a part time job hammering in a nail or waiting tables to stay where you're at because it's beneath what you think you deserve, then you really won't have my sympathy. To me that's no different than college graduates refusing to take any salary less than $40,000 because they believe they are worth more than that, so they'd rather be unemployed and bitch about it.
Posted on 1/21/16 at 8:53 am to SlowFlowPro
quote:Wouldn't mind that
i was kind of getting into this last night in the "buying your first house" thread. Nola and Laffy have a double issue of a massive real estate bubble AND the economic downturn looming. that's a massive 1-2 punch
Posted on 1/21/16 at 8:54 am to stevengtiger
South Louisiana needs to diversify their pro-folio. Mississippi is going big into green tech and Louisiana is lagging behind AGAIN.
Posted on 1/21/16 at 8:54 am to TigerMyth36
quote:
If people lose those jobs, EVERY single industry in the state will feel an impact.
O&G will get hurt for sure and definitely some related industries. But this umbrella of "EVERY single industry" getting hurt is just not true.
Think about that for a minute.
It sucks these folks are losing their gigs, it really does. There needs to be a balance between $20 barrels and $80 barrels that can keep some type of equilibrium. Louisiana needs O&G to thrive, I agree. I honestly think if/when China turns it around, our market will correct itself, and O&G will stabilize somewhat. It might not be booming like a decade ago, but it will stabilize.
Posted on 1/21/16 at 8:55 am to Boagni Swamp
quote:
11). The Saudis depressed the price of oil to knock out the US unconventional producers.
12). It's working.
Every bit of that is spot on except these two, they are complete bullshite.
This oversupply was caused right at home in the good old USA by the shale players, they created an oversupply on the basis of thinking OPEC would cut production and continue to prop them up, OPEC declined.
Posted on 1/21/16 at 8:56 am to SuperSaint
That damn leech Nado. 
Posted on 1/21/16 at 8:57 am to lsuhunt555
quote:
Still love my $1.60 gas. Should have chosen a less volatile career field.
People like you are the reason that there is no empathy in todays world.
Empathy =/= sympathy
But I agree that was a harsh fricking comment
Posted on 1/21/16 at 8:57 am to GREENHEAD22
quote:I know a few there and they heard rumblings back in October
I know quite a few ppl that work there and some high up and haven't heard that.
Posted on 1/21/16 at 8:57 am to TheCaterpillar
quote:
O&G will get hurt for sure and definitely some related industries. But this umbrella of "EVERY single industry" getting hurt is just not true
In Houma its true. But then again Houma is 100% invested in oil and more specifically they are 100% oil service industry. Houma is on the road to becoming Detroit.
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