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re: Rumor Shell is closing down its New Orleans operations
Posted on 1/21/16 at 6:47 am to Kino74
Posted on 1/21/16 at 6:47 am to Kino74
quote:
The profit margin % is low coupled with the fact they have high expenses causes causes that..
A large driver why is because everyone makes more money for their experience than they could receive in another industry.
This post was edited on 1/21/16 at 6:48 am
1
Posted on 1/21/16 at 6:49 am to Nado Jenkins83
quote:
To me the run of the mill OTer comes across as a college kid spending daddy's money
My dad was in the oilfield his whole life. He made us all go to school because he didn't want us to be dependent upon it.
This post was edited on 1/21/16 at 6:51 am
Posted on 1/21/16 at 6:49 am to Swoopin
More like the equipment that has to be used but keep being ignorant.
Posted on 1/21/16 at 6:51 am to TexasTiger89
quote:
I have worked in the industry for 27 years and it has never been this bad. A lot of people on the streets here in Houston too. Layoffs every week at my company.
Almost 26 years for me and I also have never been a part of a downturn this extreme.
Posted on 1/21/16 at 6:51 am to redstick13
Stay alive til '85
Posted on 1/21/16 at 6:52 am to Thib-a-doe Tiger
Well a lot of people went to school in order to work in it as a PE or geologist
Your dad started as a grunt like mine did and they worked their way up. He td me not to do it but i did anyway. Left my measly 46k a year job designer for entergy and in my first year was making triple that as a trainee. I wouldn't change my last decade but won't be going back now that I am set for retirement
Your dad started as a grunt like mine did and they worked their way up. He td me not to do it but i did anyway. Left my measly 46k a year job designer for entergy and in my first year was making triple that as a trainee. I wouldn't change my last decade but won't be going back now that I am set for retirement
Posted on 1/21/16 at 6:54 am to Nado Jenkins83
At least back in the late 80's you could go overseas and stay with your company (which is what we did). That's not an option this go round
Posted on 1/21/16 at 6:59 am to SlowFlowPro
I have to agree with SlowFlowPro. I know you all hate me for my SUBR threads, but at the end of the day I recognize hard work. I do believe in working hard in educational pursuits.
But plant operators basically piss on the work of myself and others. So many of us have to work hard in stable industry and barely get by versus them.
I would love to be a plant operator, and since I have a good grasp on finances I would be okay.
But plant operators basically piss on the work of myself and others. So many of us have to work hard in stable industry and barely get by versus them.
I would love to be a plant operator, and since I have a good grasp on finances I would be okay.
This post was edited on 1/21/16 at 7:00 am
Posted on 1/21/16 at 7:01 am to roguetiger15
Chevron not Shell
My bad
My bad
Posted on 1/21/16 at 7:08 am to Dead End
quote:
I still don't understand why people on TD hate anything oilfield related
This is the OT.
75% of the haters are jealous because they don't have the skill set to run the fry station at BK, much less get a job in O&G.
Posted on 1/21/16 at 7:12 am to Tuscaloosa
quote:
Still love my $1.60 gas
How is that 401k looking?
Posted on 1/21/16 at 7:12 am to ihometiger
Husband told me Shell would be leaving New Orleans 2 years ago, no surprise here.
Posted on 1/21/16 at 7:12 am to slackster
Banks that are local and regional are going to get hurt bad.
Posted on 1/21/16 at 7:14 am to notiger1997
quote:
Banks that are local and regional are going to get hurt bad.
yeah this recession/collapse isn't going to be isolated to the oil field
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
This post was edited on 1/21/16 at 7:15 am
Posted on 1/21/16 at 7:15 am to ihometiger
the additional job cuts will come from BG staff Shell doesn't want to keep. this is a given and old news. they have a little over 3k people operating mostly NOV stuff.
the NOLA office closing is just a rumor. while it may eventually close, it will be a slow trickle, not a sudden closure. the cost to relocate the staff they would want to keep is astronomical and not something they would take an all-at-once hit with during these tough times.
the NOLA office closing is just a rumor. while it may eventually close, it will be a slow trickle, not a sudden closure. the cost to relocate the staff they would want to keep is astronomical and not something they would take an all-at-once hit with during these tough times.
Posted on 1/21/16 at 7:15 am to Godfather1
If LA was already is the crapper financially, this just pushes us into the abyss. Simple fact. The State relies on oil. There are a tremendous number of oil jobs in the state. If people lose those jobs, EVERY single industry in the state will feel an impact.
Lost revenue to the state means either TAX HIKES or job cuts. So more people on the streets.
It is all fine to bitch about high gas prices and to praise low prices but you are dancing around in a burning building, not realizing you are celebrating you own doom.
Lost revenue to the state means either TAX HIKES or job cuts. So more people on the streets.
It is all fine to bitch about high gas prices and to praise low prices but you are dancing around in a burning building, not realizing you are celebrating you own doom.
Posted on 1/21/16 at 7:16 am to Godfather1
quote:
75% of the haters are jealous because they don't have the skill set to run the fry station at BK, much less get a job in O&G.
Doesn't make much sense right now. Why would the haters want a job in O&G when the guys working in O&G can't even keep their own job?
Posted on 1/21/16 at 7:19 am to TigerMyth36
quote:This is the best analogy I've heard for all of these fricktards that don't see the connection. "Low prices YAY...hey, why did my 401k tank overnight?"
It is all fine to bitch about high gas prices and to praise low prices but you are dancing around in a burning building, not realizing you are celebrating you own doom.
Posted on 1/21/16 at 7:20 am to SlowFlowPro
quote:
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
If you're not a fricking idiot and don't buy a 400k house in Lakeview or river ranch i say buy with rent being as stupid as it is
This post was edited on 1/21/16 at 7:21 am
Posted on 1/21/16 at 7:20 am to Thib-a-doe Tiger
quote:
The problem with that statement is that there are 50 slab hands for every one of those people
How many tellers per bank executive?
You can make that type of comment for every single profession.....just dumb
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