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Started By
Message
re: Saudis declare price war
Posted on 3/7/20 at 10:49 pm to redstick13
Posted on 3/7/20 at 10:49 pm to redstick13
quote:
They've been off for a year now.
Last 5.
0
Posted on 3/7/20 at 10:50 pm to Nado Jenkins83
quote:
I'll just go be a plant baw
If you wanna be an operator you better have a PTEC degree or be a son, or son in law of somebody.
Posted on 3/7/20 at 10:50 pm to CaptainJ47
quote:
Wait... isn’t it the other way around? They are slashing oil prices. Therefore oil and gas are cheaper. Therefore Karen then gets a second Tahoe...
Right, the Karen not married to operator chad.
Posted on 3/7/20 at 10:54 pm to fallguy_1978
quote:
The banks hold tons of energy stock too.
They hold the debt.
Posted on 3/7/20 at 10:56 pm to redstick13
quote:
Pioneer was the latest company to file Chapter 11 this week.
PXD did not file chap 11. Maybe a different pio?
Posted on 3/7/20 at 10:58 pm to Dr RC
quote:
This is going to backfire on them bigly. Russia and USA finna become allies to take them out.
Russia spurred this by refusing recent cut proposals and Russia and SA should be more aligned to take down US unconventional E&Ps.
Posted on 3/8/20 at 6:33 am to cwill
he means PESX not PXD. The OFS co.
Posted on 3/8/20 at 7:08 am to Privateer 2007
Like that would be hard.
Posted on 3/8/20 at 7:32 am to kywildcatfanone
quote:
I'm assuming oilfield baws saved 50% of their paycheck during all the good years, so they should be fine during this short term downturn.
Have you seen how these people live ha ha
I'm friends with one - In the last two years his (unemployed) wife has gone from a Range Rver Sport to an Escalade just because. Ole baw driving a 2020 dually, boats that sit in the yard never used on and on and on.
Rednecks with Paychecks, two weeks from bankrupt
Posted on 3/8/20 at 8:02 am to Nado Jenkins83
quote:
like that would be hard
PTEC degree is very easy.
But, you won't just waltz into an operator job with one. Still need lots of luck. You're not the only one with the idea to become an operator.
Posted on 3/8/20 at 8:18 am to OleWarSkuleAlum
quote:
Low gas prices are good for the entire country minus Louisiana. We finna eat non-LA baws!
Ain't good at all for petrochemical plants here in the U.S. They are based on our cheaper than dirt NGL's as feedstock instead of oil derived naphtha from refineries as elsewhere in the world.
Oil ain't just for fuel.
Posted on 3/8/20 at 8:53 am to Janky
Posted on 3/8/20 at 9:01 am to stout
quote:
Just because we aren't importing their oil right now doesnt mean much if they drive the price down. Lower prices means at some point it is cheaper to buy from them vs drilling our own oil. Not hard to figure out. Production will slow here and unprofitable sites will be closed = Louisiana people out of work
This is why, though I fancy myself a libertarian, I'm a bit of a protectionist. I'm a libertarian only domestically. When it comes to international trade and political relations, I'm an isolationist/nationalist/protectionist.
Other countries don't play by the same rules as we do so we cant extend our political philosophy to the rest of the world.
This post was edited on 3/8/20 at 9:02 am
Posted on 3/8/20 at 9:06 am to Walt OReilly
quote:
Why are so many of y’all getting joy people will lose their jobs?
Learn to code, bitch.
Posted on 3/8/20 at 9:11 am to Hamma1122
quote:
Sad
I feel for the workers but people that put all their eggs in one basket know the dangerous game they're playing and deserve what they get. The petrochemical industry and especially the State of Louisiana wants to lean hard on the wall, they better hope that wall stays standing.
Maybe this will teach them to stand on their own two feet.
Posted on 3/8/20 at 9:26 am to nola000
quote:
I'm a bit of a protectionist. I'm a libertarian only domestically. When it comes to international trade and political relations, I'm an isolationist/nationalist/protectionist.
You want artificially high oil prices which affect energy costs for all Americans just to protect some oilfield jobs?
Posted on 3/8/20 at 9:39 am to Jester
quote:? Um they always are.
The US should be filling every reserve to capacity a.s.a.p.
Posted on 3/8/20 at 9:43 am to tkeefer
quote:
Not if Karen is getting paid with oil money.
More people than realize get paid with oil money. Gonna suck in Louisiana.
Posted on 3/8/20 at 9:46 am to tkeefer
quote:
Not if Karen is getting paid with oil money.
Oh, okay, then. From now on all posts to be from the perspective of oil-industry workers, as the predominant workforce in the US.
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