re: Shell layoffs hit New Orleans as oil prices dive

Correct. Never said I was a full blown ME with a PE. I do a mix of shop work, CAD work, and some design work. Probably 75% of my time is spent in the shop because I wanted to get familiar with what I was working with. I chose to spend the majority of my time in the shop. CAD stuff is easy and quick, and the design stuff is tedious, and I mainly work in a support role.

They have all been and will continue to be affected by budget cuts

100,000 employes worldwide. I'm sure 30% profit goes into R&D. So think about that


Profit, not gross.

Just talked to my man, and they aren't even taking cheap labor

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Royal Dutch Shell Chief Executive Ben van Beurden will earn a total 24.2 million euros ($26 million) for 2014, making him one of the highest-earning FTSE 100 bosses despite last year's sharp fall in oil prices.

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That poor bastard. How will he ever survive on $24 mil.

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Shell reported $3.8 billion in second quarter earnings, down from $6.1 billion during the same period in 2014

Wow how can they survive on just $3.8Billion

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look at name of company ROYAL Dutch. the two major stockholders are
1) the royals of Holland and 2) the royals of England.

I like the flowers around the station though. Highest prices in town.
But they have soapy water in the window cleaning container and the bathrooms are clean and they work. Thank you, Queens of Holland and England.
PS. You should be ashamed at what you have wrought in Nigeria.

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This is the frightening part. There's already too much gap between young employees and old in the oil business because of the climate of the 80s and 90s, this will only exasperate that.

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Is exactly the first thing I thought of when I read that. I can't see the pension for Shell surviving if thousands are being forced to start drawing off of it early.

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rocket31

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and yet their CEO's will make billions and billions this year

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and yet you still continue to vote republican

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Are people really this ignorant? A publicly-traded company has a board of directors. That board is responsible to the shareholders and will seek the best CEO that that can to lead the company. The board, beholden to the regular American shareholder, determines the pay - not the president of the US, congress, any political party, or any political entity for that matter.

If your answer is to cap the pay of CEOs, then you need to understand how close to a socialist you are. If we cap CEO pay, why not cap the pay of every single wage-earner in America?

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Yes, conservatives are usually the ones to stand behind the pledge “no new taxes.” But since the 1950s, the federal gas tax has been raised under three Republican administrations (Eisenhower, Reagan and George H.W. Bush) and only one Democratic (Clinton). Although the red states of the South do tend to have slightly lower gas taxes than most other states, there isn’t a clear red-state-blue-state divide. Liberal-leaning New Jersey boasts one of the country’s lowest gas taxes, at less than 11 cents a gallon. And Republican governors and legislators — in Michigan, Utah, South Carolina, South Dakota and elsewhere — are among the most vocal advocates right now for raising gas taxes in their states. Conservatives tend to be more ideologically disposed to “consumption taxes,” such as a gas tax, rather than taxes on income or capital. That helps explain why Mankiw — chairman of the president’s Council of Economic Advisers under George W. Bush and an adviser to Mitt Romney in 2012 — and moderate conservatives such as Washington Post columnist Robert Samuelson have long supported increasing the gas tax. Other conservatives such as Doug Holtz-Eakin, an adviser to both Presidents Bush and to John McCain, favor a carbon tax, with revenue used to cut other taxes and reduce pollution.

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LINK

If you don't think the gov is going to take whatever whenever they can your ignorant
I feel like it should be raised. We have overpasses and bridges collapsing.

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In other news Shell Norco is making fat stacks right meow.

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Yes, yes it is