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Started By
Message
re: Rumor Shell is closing down its New Orleans operations
Posted on 1/21/16 at 8:02 am to Boagni Swamp
Posted on 1/21/16 at 8:02 am to Boagni Swamp
quote:You couldn't be more wrong.
The Saudis poisoned the shale plays.
1
Posted on 1/21/16 at 8:03 am to Boagni Swamp
quote:
How much you want?
how it is you figure the saudi's poisoned the shale plays.
Posted on 1/21/16 at 8:04 am to cave canem
Praying for the guys with their jobs in jeopardy. I worked for two telecom companies in the early 00's that eventually shuttered. Starting your work day not knowing if it will be your last is no damn way to live.
O&G has a too heavy handed effect on the Louisiana economy. This is where the famed, "Louisiana Brain Drain" has its greatest impact. Had we been able to attract, support, and incubate new businesses, and industries our state would have a diversified economy that could better absorb this economic body blow.
O&G has a too heavy handed effect on the Louisiana economy. This is where the famed, "Louisiana Brain Drain" has its greatest impact. Had we been able to attract, support, and incubate new businesses, and industries our state would have a diversified economy that could better absorb this economic body blow.
Posted on 1/21/16 at 8:04 am to SlowFlowPro
quote:
some oilfield workers going out of their way to show off their incomes during the booms doesn't help, either. the OT, being a more educated, risk-averse, and conservative group, know that it's only a matter of time before that behavior blows up in the workers' faces. when that time comes, they seize on it
The other issue I have is that in 2008 no one was saying "don't celebrate crashing real estate prices because there are carpenters, contractors, etc going out of business/losing jobs over this"
If you want me to pay higher prices on gas for you to keep your job, then I expect you to support every industry that the bubble pops on and refuse to accept the lower prices that comes with that pop.
Posted on 1/21/16 at 8:07 am to notiger1997
quote:
Yeah, I'm surprised when I read these threads. So many tards that live in oil states seem to not have a clue as to what's happening. It's not just oil and gas jobs. Engineering firms, law firms, tug companies, home construction, heavy construction, equipment providers, etc.
These are the jobs that makes La. hum when things are going good. It's a shame to see this downturn.
It makes you wonder why the state invested close to a billion dollars in cultivating the film industry in La. Sure there are some film related jobs, but nothing close to what's needed to offset this severe downturn and many of these jobs aren't permanent as the film companies come and go.
Efforts were made by state leadership to diversify the economy, but it seems to me that it hasn't helped enough. Hopefully I'm wrong and many of these good folk who have been let go can find a good job doing something else.
Posted on 1/21/16 at 8:08 am to stout
quote:
The other issue I have is that in 2008 no one was saying "don't celebrate crashing real estate prices because there are carpenters, contractors, etc going out of business/losing jobs over this"
If you want me to pay higher prices on gas for you to keep your job, then I expect you to support every industry that the bubble pops on and refuse to accept the lower prices that comes with that pop.
On a local level this is going to make the 2008 downturn look more like a small dip in the pavement.
Not nearly as many folks in that industry and the state is sooooo heavly dependant on it.
Posted on 1/21/16 at 8:09 am to stout
So, years ago gas was near 4 dollars a gallon, goods and services sky rocketed, and everyone said it's because we rely on the Middle East. We need to drill out own oil.
Now gas is dirt cheap (goods and services still high) and people say it's because we rely on the Middle East. We need to drill our own oil.
I don't understand this.
Also, if oil goes down, shouldn't all other goods and services sky rocket in profit? Therefore making the economy better?
This is worse than the crawfish farmer spring crawfish price game. I just don't understand.
Now gas is dirt cheap (goods and services still high) and people say it's because we rely on the Middle East. We need to drill our own oil.
I don't understand this.
Also, if oil goes down, shouldn't all other goods and services sky rocket in profit? Therefore making the economy better?
This is worse than the crawfish farmer spring crawfish price game. I just don't understand.
This post was edited on 1/21/16 at 8:12 am
Posted on 1/21/16 at 8:10 am to stout
quote:
The other issue I have is that in 2008 no one was saying "don't celebrate crashing real estate prices because there are carpenters, contractors, etc going out of business/losing jobs over this"
the legal field was gutted to much rejoice, as well
Posted on 1/21/16 at 8:10 am to Crawdaddy
Crawfish mafia=OPEC
It ain't the Boudreauxs and the baws settin the price
It ain't the Boudreauxs and the baws settin the price
Posted on 1/21/16 at 8:12 am to Crawdaddy
Technocratic dictatorship set up to fail by design till the life... I mean money... is squeezed out of us.
Posted on 1/21/16 at 8:12 am to cave canem
quote:
On a local level this is going to make the 2008 downturn look more like a small dip in the pavement.
2008 in LA wasn't as bad as it was in other parts of the country for a few reasons but that's not my point.
Posted on 1/21/16 at 8:12 am to Lou Pai
quote:
So they are overpaid
Let me explain something to you. I work in the construction industry. When I see people that can't find a job, I laugh a little because there is a huge shortage of labor in the trades. Why? Because most of the highly qualified people have jumped out of commercial and gone to industrial because of the obscene amounts of money those contractors are paying.
Now I don't fault anyone for following the money. No one is going to give it to you for free. But if you're a pipefitter working for a commercial HVAC contractor making $35/hr and can get an offer in O&G making $65/hr, you have to understand that is something that very well could end one day. Now, chances are you can still go back to commercial, with a wealth of real and desirable experience, and make a good living. You just won't be making that obscene amount any more.
So if you are aware of the market value of your trade and are smart about it, you can do very well for yourself even in a short term volatile market. But if you are ignorant to your market value and start living high on the hog and can no longer sustain that lifestyle, then you have no one to blame but yourself.
So get off your high horse and start living in the real world, chief.
Posted on 1/21/16 at 8:13 am to ihometiger
Those damned statues strike again! 
Posted on 1/21/16 at 8:14 am to SlowFlowPro
quote:
the legal field was gutted to much rejoice, as well
Yep but the world is better off with fewer lawyers
j/k <3
Posted on 1/21/16 at 8:14 am to elprez00
Exactly.
Move on. Life isn't about to end.
Move on. Life isn't about to end.
Posted on 1/21/16 at 8:14 am to stout
quote:
If you want me to pay higher prices on gas for you to keep your job, then I expect you to support every industry that the bubble pops on and refuse to accept the lower prices that comes with that pop.
I like cheap gas as much as the next person, but I fear the impact this would have on NOLA and the state. That's alot of good jobs the city and state would be losing to Houston and that's not a good thing. Regardless of what your gas price is.
Posted on 1/21/16 at 8:14 am to stout
quote:
no one was saying "don't celebrate crashing real estate prices because there are carpenters, contractors, etc going out of business/losing jobs over this"
Come on stout, you're a higher level thinker. So because there were no threads about it, no one cared? I don't like to see any families hurting like this now, or in 2008.
This post was edited on 1/21/16 at 8:15 am
Posted on 1/21/16 at 8:15 am to Boagni Swamp
people are such dumbasses, this would be the finally straw
for the oil and gas business in n.O.
every major oil and gas compamy at one time had a major office downtown Shell is the last one.
These guys are the highest paying companies in the city. The city has been in decline for decades and people dont think it will effect them. Who is going to buy lunches, houses, etc.
not to mention all the companies that service the industry.
If you are in banking, or selling oranges, boats, cars. You will feel it too.
Plus taxes will have to go up.
If you are in the repo,or foreclosure business you should be good.
for the oil and gas business in n.O.
every major oil and gas compamy at one time had a major office downtown Shell is the last one.
These guys are the highest paying companies in the city. The city has been in decline for decades and people dont think it will effect them. Who is going to buy lunches, houses, etc.
not to mention all the companies that service the industry.
If you are in banking, or selling oranges, boats, cars. You will feel it too.
Plus taxes will have to go up.
If you are in the repo,or foreclosure business you should be good.
Posted on 1/21/16 at 8:15 am to stout
quote:
2008 in LA wasn't as bad as it was in other parts of the country for a few reasons but that's not my point.
shale gas was booming in 2008/2009 so LA, especially north LA was spared
Posted on 1/21/16 at 8:15 am to stout
i'm trying to go in a new direction anyway
i am kind of thinking of possibly speculating in lafayette in a year or 2 when the bottom falls out
i am kind of thinking of possibly speculating in lafayette in a year or 2 when the bottom falls out
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