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Started By
Message
re: Shell to ax thousands of Jobs
Posted on 7/30/15 at 8:50 am to PrivatePublic
Posted on 7/30/15 at 8:50 am to PrivatePublic
quote:
Shell to ax thousands of Jobs
quote:
today’s oil price downturn could last for several years
time to buy oil.
Explain this to me like a child. How does one buy oil? It WILL magically come up before the holidays to gouge as we travel.
How do you buy and sell oil?
4
Posted on 7/30/15 at 8:53 am to LSU alum wannabe
quote:
Explain this to me like a child. How does one buy oil? It WILL magically come up before the holidays to gouge as we travel. How do you buy and sell oil?
Go watch trading places...
Posted on 7/30/15 at 8:53 am to BRgetthenet
quote:time to buy stock in whoever manufacturers yeti and salt life stickers.
Time to buy an F250.
Posted on 7/30/15 at 8:53 am to yellowfin
I've never before seen so many senior level positions laid off like this. People who would have been untouchable in the previous downturns I've been through.
Posted on 7/30/15 at 8:53 am to Sandy_Ash
quote:
time to buy stock in whoever manufacturers yeti and salt life stickers.
Not sure you understand economics
Posted on 7/30/15 at 8:54 am to LSU alum wannabe
quote:it's usually just bought and sold on paper, but if you have a storage location (tank farm), you can buy physical oil.
How do you buy and sell oil?
Posted on 7/30/15 at 8:54 am to LSU alum wannabe
quote:
Explain this to me like a child. How does one buy oil? It WILL magically come up before the holidays to gouge as we travel.
It's not coming up this year. Not significantly.
This post was edited on 7/30/15 at 8:57 am
Posted on 7/30/15 at 8:55 am to Dire Wolf
So, do we blame those Greenpeace people hanging off that bridge?
Posted on 7/30/15 at 8:55 am to yellowfin
quote:
I had resumes with law degrees and engineers apply for a secretary position I posted a couple weeks ago
What kinda fancy name did you list the position as?
Posted on 7/30/15 at 8:56 am to redstick13
quote:
Happy I'm not in the US. Nothing good going on in the industry there and the forecast looks the same or worse.
Yeah, I'd much rather be in hostile africa.
Posted on 7/30/15 at 8:56 am to Epic Cajun
Administrative Assistant
we aren't allowed to call them secretaries anymore I don't think
we aren't allowed to call them secretaries anymore I don't think
Posted on 7/30/15 at 8:57 am to LSU alum wannabe
Oil is sold by purchasing a set amount at a given price to arrive at a set date. Thus, oil is traded in "futures". You are basically betting that the price one could get for that delivery will be higher closer to the delivery time than it is now.
The other way it is "sold" is buy buying stock in oil and gas companies. When prices are cheap, the prices of oil company stocks generally decline, making them cheaper. When the price of oil goes back up, those stock prices generally rise with them. The idea is that by investing money in an oil company stock when prices are low, assuming the company doesn't go under and that you don't need that money any time soon, your investment could grow considerably once prices come back up. The question lies in how long it will take for prices to go back up.
The other way it is "sold" is buy buying stock in oil and gas companies. When prices are cheap, the prices of oil company stocks generally decline, making them cheaper. When the price of oil goes back up, those stock prices generally rise with them. The idea is that by investing money in an oil company stock when prices are low, assuming the company doesn't go under and that you don't need that money any time soon, your investment could grow considerably once prices come back up. The question lies in how long it will take for prices to go back up.
Posted on 7/30/15 at 8:57 am to Croacka
quote:
Don't forget, most of them only have GED's, if that
Ok, they can teach at Charter schools.
Posted on 7/30/15 at 8:58 am to yellowfin
Well, which one ya gonna hire Baw?
The lawyer or the engineer?
The lawyer or the engineer?
Posted on 7/30/15 at 8:58 am to Sparkplug#1
quote:
Yeah, I'd much rather be in hostile africa.
I get 3-10 messages per week from people laid off who would take a leaky ship to "hostile" Africa right now for a job.
Posted on 7/30/15 at 8:59 am to redstick13
quote:
I've never before seen so many senior level positions laid off like this. People who would have been untouchable in the previous downturns I've been through.
We've been very lucky at my company....actually growing
Posted on 7/30/15 at 8:59 am to yellowfin
Been laid off since April. Very few hiring and market is flooded. Not surprised you're seeing over qualified ppl.
Posted on 7/30/15 at 9:00 am to BRgetthenet
quote:
Well, which one ya gonna hire Baw?
The lawyer or the engineer?
If it were me, which ever one had nicer tits.
Posted on 7/30/15 at 9:02 am to yellowfin
quote:
I had resumes with law degrees and engineers apply for a secretary position I posted a couple weeks ago
I was hiring across the Gulf South and the responses have been a bit overwhelming. Hired 3 offshore guys already.
Posted on 7/30/15 at 9:05 am to AUCE05
quote:
by AUCE05
Then why is my gas still $3/gal?
It's not that high, but they ain't giving it away. Still like 2.49/gal where I see it. Not long ago that was considered pretty high. Now suddenly the industry can't survive on it. I kinda think it's an excuse to shed companies' dead weight.
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