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re: Who here has been affected by the drop in oil and gas prices?
Posted on 12/20/15 at 10:33 pm to G Vice
Posted on 12/20/15 at 10:33 pm to G Vice
quote:Howard?
ETA: so did Harold Shoeffler.
And Pickens funded my great grandfather's autobiography.
The technology is dying. I don't want it to be this way. It's just the way it is, and though we had decades to prepare for it, we did nothing, thinking that O&G would last forever. We had the capacity to set ourselves up to prosper in the techno-age, but we ignored it.
0
Posted on 12/20/15 at 10:36 pm to GreatLakesTiger24
quote:
I'm no expert but I don't think Nola's downturn is imminent
I believe it is eventual, just not imminent
Posted on 12/20/15 at 10:39 pm to GreatLakesTiger24
I didn't say it was 
Posted on 12/20/15 at 10:41 pm to stout
I know, but a lot of people do.
Posted on 12/20/15 at 10:46 pm to GreatLakesTiger24
Oil isn't going up above $60 for an extended amount of period any time soon, baws. Soon as it gets high, the US starts getting oil out of shale and floods the market which causes the prices to go back down.
Posted on 12/21/15 at 7:13 am to fightin tigers
I'm sure he does. I got laid off and am unemployed. Just stating that you don't know who someone may be.
How do you not understand that simple statement
How do you not understand that simple statement
Posted on 12/21/15 at 7:51 am to 13SaintTiger
quote:
Someone who is trying to save money. It beats filling up for $23.
What kinda logic is this? Are you still in high school and broke as frick?
This post was edited on 12/21/15 at 7:51 am
Posted on 12/21/15 at 7:57 am to whit
I've been affected positively- gas is cheap as hell and the other expenditures in my budget have remained the same.
Posted on 12/21/15 at 7:58 am to whit
My division of my company made 130 million in cuts to overhead. Most of that came in the form of layoffs. I made it through. They told us it was a drastic cut so that we won't have to do it again later if it gets worse. Not directly in oil and gas but we supply equipment to that market as a portion of our business.
In the mean time commute costs for me and the wife are waayyyyyy down.
In the mean time commute costs for me and the wife are waayyyyyy down.
Posted on 12/21/15 at 7:59 am to BRgetthenet
quote:
New Orleans has had years when murder was way worse.
I would doubt those years correlate with the real estate outlook.
Posted on 12/21/15 at 8:00 am to whit
Was laid off, but moved the frick on. Life is hard, gotta get mad and get back up.
Posted on 12/21/15 at 8:01 am to stout
quote:
All bubbles pop. Next is another real estate pop and as you said once higher education.
What do you think will cause the next pop in real estate? High pricing? How far off do you foresee it happening? You've been in real estate way longer than me. I'm genuinely curious.
Posted on 12/21/15 at 8:04 am to TheIndulger
yeah but statues
Posted on 12/21/15 at 8:04 am to Salmon
It's coming for all of us this year. Things won't turn around till 17 at the earliest. Save your money...sell unnecessary items...don't blow thousands on christmas.
Posted on 12/21/15 at 8:05 am to whit
quote:
When you work in that industry do you save for these times?
When you work in ANY industry you should save. It doesn't matter what you do or what you own.
Posted on 12/21/15 at 8:07 am to TheIndulger
quote:
Youre full of shite if you are implying you knew oil was going to drop to $35 a barrel in one year.
Where did I say that? Link me you little booty scratching bitch. It seems everyone but O&G employers knew that the flourishing O&G bubble was going to pop. I never said I knew when or by how much, what I do know is that $80+ a barrel was an anomaly and wouldn't last. It doesn't take a brain surgeon to figure that much out.
This post was edited on 12/21/15 at 8:08 am
Posted on 12/21/15 at 8:17 am to cyogi
quote:
When you work in ANY industry you should save. It doesn't matter what you do or what you own.
Absolutely true. But some people no matter how much money they make still live paycheck to paycheck. It's pretty rediculous. For instance, I have a buddy who makes about 60k a year. Not a ton a money but not terrible either. All he pays is rent/utilities, truck note/insurance, cell phone and gas. Dude stays broke. Never saves. Blows my mind.
Posted on 12/21/15 at 8:34 am to whit
Understood. And I meant for people who have the means to save. Some people literally can't. But some people over spend.
Posted on 12/21/15 at 8:54 am to Salmon
quote:
I don't work for O&G directly. I'm a consultant.
In the same boat. Every time I get called into my boss's office my b hole clenches.
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