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Started By
Message
re: Rumor Shell is closing down its New Orleans operations
Posted on 1/21/16 at 9:11 am to stout
Posted on 1/21/16 at 9:11 am to stout
quote:agreed, it will touch a ton of different sectors, not just o&g itself.
There will be less money spent generally in LA so everything will hurt.
I get why some (not most) are celebrating their cheap gas. I, too, welcome cheaper gas. But at the expense of so many jobs? well, that one I'm not sure I agree with.
I guess it's time to go back to school.
1
Posted on 1/21/16 at 9:12 am to TigerFred
quote:
TigerFred
well fricking said!
Posted on 1/21/16 at 9:13 am to TheCaterpillar
Just keep on thinking that Houma won't be badly damaged economically. 
Posted on 1/21/16 at 9:13 am to The First Cut
quote:
Just keep on thinking that Houma won't be badly damaged economically.
What?
I agreed with that. This was a state question.
Posted on 1/21/16 at 9:14 am to Indfanfromcol
quote:
I'm not sure how many well paying jobs for those without degrees there are outside of O & G.
You should see what welders make. Pipefitters, boilermakers, etc and not all of them have to work in a refinery to make a good living.
There are plenty of good paying jobs for skilled labor which is why the college bubble should be the next one to pop in this country.
Posted on 1/21/16 at 9:14 am to The Egg
quote:
I get why some (not most) are celebrating their cheap gas. I, too, welcome cheaper gas. But at the expense of so many jobs?
~$2.50 at the pump would be ~$55 a barrel and put a LOT of people back to work and make for a more stable environment.
so the average gas consumer would have to spend $50 more a month on gas... that is nothing.
Posted on 1/21/16 at 9:15 am to TigerFred
quote:
Those skilled tradesmen were flaunting their shite which pissed off more people. Now those same people don't feel sorry for the guys who were flaunting all of their shite. No one should feel sorry for those who were so proud of their shite that they had to brag and show everyone what they had and that others couldn't afford. Should have planned for a rainy day.
Your argument assumes everyone who lost their job "flaunted" their wealth, which is a completely absurd position.
Posted on 1/21/16 at 9:15 am to stout
quote:
the college bubble should be the next one to pop in this country.
Our nation will take a hit financially when that happens, but good god it will be so beneficial in the long run.
Its unreal how many dumb fricking people get college degrees without career options and dangle in massive student loan debt that will haunt them forever.
Posted on 1/21/16 at 9:16 am to Hulkklogan
quote:
Also, I hope this pushes our energy industry to pursue more green energy. Whether you think climate change is a crock of crap or not, we have to get off our fossil fuel dependence.
actually the opposite will probably happen, there's no need for green energy when oil is cheap
Posted on 1/21/16 at 9:17 am to OLDBEACHCOMBER
quote:
Add in Iraq now producing near full capacity and Iran re-entering the market. Australia and Israel announcing massive oil discoveries and those U.S. shale claims shrink to drops in a bucket.
Where do you guys even come up with this nonsense.
Iraq is nowhere near full capacity, Iran is a decade away, Australia's imports are rising faster than it's production and "discoveries" have shite to do with current prices.
You are just flinging poo and hoping somthing sticks.
no other region of the world was capable of doing this, own it
Posted on 1/21/16 at 9:17 am to MapGuy
quote:
~$2.50 at the pump would be ~$55 a barrel and put a LOT of people back to work and make for a more stable environment.
so the average gas consumer would have to spend $50 more a month on gas... that is nothing.
I agree with this. I wish it would hover around 50ish. That's the sweet spot IMO.
$80 was absurd...$20 is absurd.
Posted on 1/21/16 at 9:17 am to TheCaterpillar
Well were all about to see higher taxes in Louisiana due to the budget shortfall and a large part of that is from lower royalties. John Bel has already announced that he's looking into various tax hikes. The $50 saved each month at the pump will just go towards higher fees.
Posted on 1/21/16 at 9:17 am to Indfanfromcol
quote:
I'm not sure how many well paying jobs for those without degrees there are outside of O & G
you'd be surprised how smart some of these boat people are... well, the ones who aren't career deckhands.
especially those with larger or unlimited licenses. my dad barely graduated high school but he was helping me big with trig and calculus when I was in college
Posted on 1/21/16 at 9:17 am to The First Cut
Speaking of houma, i work for a services firm and visited our houma manufacturing location to observe an inventory count in early December. The warehouse is huge and employed 350 or so (if i recall correctly) when things were going well. Talking to the controller, they had released about 2/3 of their force and was down to maybe 130 or so employees, most of whom were already facing the chopping block.
I drove around the city for the night looking for something to eat, and went down Main (or was it MLK?) at Walk-on's, Texas Roadhouse, and Outback...all 3 restaurants had at least an hour wait on a thursday night. People love their goddamn chain restaurants there, mang! (ok, this was besides the point.)
Granted, we're only talking about 200+ workers at this specific location, but like others mentioned, Houma is super dependent on the services firms, and every firm I know is entrenched in that area.
and not just Houma...Broussard is getting hit, or is going to get hit hard soon as well. Pretty much anywhere close to Highway 90, or 'Oil Services Hwy,' like some call it. It's already started in Broussard.
I drove around the city for the night looking for something to eat, and went down Main (or was it MLK?) at Walk-on's, Texas Roadhouse, and Outback...all 3 restaurants had at least an hour wait on a thursday night. People love their goddamn chain restaurants there, mang! (ok, this was besides the point.)
Granted, we're only talking about 200+ workers at this specific location, but like others mentioned, Houma is super dependent on the services firms, and every firm I know is entrenched in that area.
and not just Houma...Broussard is getting hit, or is going to get hit hard soon as well. Pretty much anywhere close to Highway 90, or 'Oil Services Hwy,' like some call it. It's already started in Broussard.
This post was edited on 1/21/16 at 9:20 am
Posted on 1/21/16 at 9:18 am to stout
quote:
There will be less money spent generally in LA so everything will hurt.
Exactly. As it's been stated many times in these multiple threads that we've had, this isn't happening in a vacuum, and will affect anyone except for maybe the medical industry within both Louisiana and Texas.
Posted on 1/21/16 at 9:19 am to yellowfin
quote:
actually the opposite will probably happen, there's no need for green energy when oil is cheap
Bingo. If you are pro-green, you WANT $150/bbl oil. There's absolutely no way for alternative energy to compete with $25 oil.
Posted on 1/21/16 at 9:19 am to Oates Mustache
quote:
will affect anyone except for maybe the medical industry within both Louisiana and Texas
This post was edited on 1/21/16 at 9:20 am
Posted on 1/21/16 at 9:21 am to ihometiger
So not only is Shell laying off people....but they won't be coming back to New Orleans since they are moving to Houston?
Yikes. My sympathies to those of you impacted by this. I've been there before. Good luck to you.
Louisiana is certainly on the cusp of a downward trend.
Yikes. My sympathies to those of you impacted by this. I've been there before. Good luck to you.
Louisiana is certainly on the cusp of a downward trend.
Posted on 1/21/16 at 9:22 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.
:kige:
Posted on 1/21/16 at 9:22 am to Oates Mustache
quote:
r maybe the medical industry within both Louisiana and Texas.
I have no idea how obamacare works or if it will help this situation but in the past the medical industry was most definitely hurt. No jobs=no insurance....no insurance means you don't see a dr unless you absolutely have to
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