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re: Total Amount of People That Work in Oil and Gas

Posted on 10/23/20 at 5:36 pm to
Posted by Grimhorn
Texas
Member since Mar 2018
92 posts
Posted on 10/23/20 at 5:36 pm to
Depreciation and amortization of capital assets isn't a subsidy...
Posted by Bulldogblitz
In my house
Member since Dec 2018
26785 posts
Posted on 10/23/20 at 5:37 pm to
Learn to code.

Obama coming to save him.
Posted by Mrwhodat
Member since Dec 2015
10296 posts
Posted on 10/23/20 at 5:39 pm to
quote:

ps - they can all get jobs running the windmills.

And scooping up dead birds.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 10/23/20 at 5:44 pm to
Oh well then dipshit let’s just cut them all
Posted by Jeebus
Member since Dec 2015
155 posts
Posted on 10/23/20 at 5:47 pm to
We can just have all of our petroleum products made over seas, paralyzing our economy while increasing their (likely China) economy, putting more pollution into the air than ever due to their loose restrictions on emissions and heightened demand from the U.S. for petro products.

So at least we can say “hey we are net zero in the U.S.” and give ourself a pat on our poor socialized green backs.
Posted by Rekrul
Member since Feb 2007
7958 posts
Posted on 10/23/20 at 5:59 pm to
quote:

We can just have all of our petroleum products made over seas, paralyzing our economy while increasing their (likely China) economy, putting more pollution into the air than ever due to their loose restrictions on emissions and heightened demand from the U.S. for petro products.

So at least we can say “hey we are net zero in the U.S.” and give ourself a pat on our poor socialized green backs.


Bingo, this is what a politician that’s in bed with foreign governments would want, right?

Foreign governments would love nothing more than have the US dependent on them for fossil fuels. Does any of this sound familiar?

Anyone?
Posted by tigergirl10
Member since Jul 2019
10314 posts
Posted on 10/23/20 at 6:02 pm to
quote:

couldn't guess what the numbers are now but it isn't close to 9.8MM or 5.6%
Traditional Energy and Energy Efficiency sectors in 2019 employed 6.8 million or 4.6% of the workforce. 7% of new jobs.

In 2019, America’s Traditional Energy, Energy Efficiency, and Motor Vehicles sectors continued to outperform the rest of the American economy in job growth, accounting for 8 percent of all new employment opportunities, while making up only 5.6 percent of the workforce.
LINK
Posted by Vacherie
Baton Rouge
Member since Dec 2017
439 posts
Posted on 10/23/20 at 6:04 pm to
Learn to code.
Posted by Covingtontiger77
Member since Dec 2015
10317 posts
Posted on 10/23/20 at 6:09 pm to
quote:

Industry supports 9.8 million jobs or 5.6 percent of total U.S. employment, according to PwC.




Are there that many coding jobs to support this influx of new prospects?
Posted by Colonel Flagg
Baton Rouge
Member since Apr 2010
22812 posts
Posted on 10/23/20 at 6:23 pm to
So since previous companies misunderstood technology and innovation then future investors will completely avoid it? People are advocating running away from a cheaper more mature energy source so they can use regulation to impose higher margins with “green energy”?
This post was edited on 10/23/20 at 6:25 pm
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 10/23/20 at 8:06 pm to
quote:

Traditional O&G production is going nowhere but upwards in the future, as it should



It’s down to 11mmbo/d. We’re in a low demand cycle and at 13mmbo/d the price was cratering before COVID. We’re not going back, considering a significant chunk of that prod was uneconomic. People were losing their asses - see bks through 2015-date.
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 10/23/20 at 8:06 pm to
quote:

Oh well then dipshit let’s just cut them all


Knows nothing.
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 10/23/20 at 8:08 pm to
quote:

We can just have all of our petroleum products made over seas, paralyzing our economy while increasing their (likely China) economy, putting more pollution into the air than ever due to their loose restrictions on emissions and heightened demand from the U.S. for petro products.

So at least we can say “hey we are net zero in the U.S.” and give ourself a pat on our poor socialized green backs.


We will still prod oil but in lesser quantities. As EVs grow demand will decrease. 70% of oil goes to transportation.
Posted by Bunk Moreland
Member since Dec 2010
53570 posts
Posted on 10/23/20 at 8:12 pm to
Your contrarian arse annoys me when it it come our president, but there is not a better poster on oil and gas. Keep the cornucopians in check.

When do you think this levels off?

Posted by BowDownToLSU
Livingston louisiana
Member since Feb 2010
19277 posts
Posted on 10/23/20 at 8:16 pm to
Work your arse off your whole life, just a couple years until retirement. This sorry POS never worked a hard day in his life and we out here chasing turnarounds for our families
Posted by Jeebus
Member since Dec 2015
155 posts
Posted on 10/23/20 at 9:02 pm to
quote:

We will still prod oil but in lesser quantities. As EVs grow demand will decrease. 70% of oil goes to transportation.



I’m curious how long it would take to even bring 70% down to even 60%? Price of EV’s would have to be affordable for lower class and charging stations would need to be as common as gas stations even in rural areas or the technology would have to support long range travel.
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 10/23/20 at 9:29 pm to
quote:

Your contrarian arse annoys me when it it come our president,


I’m not “contrarian, he’s a liar and a fabulist. Biden is a run of the mill political establishment liberal that we all hate and birthed the golem.

quote:

When do you think this levels off?


Not sure. COVID + alt + EVs will continue to eat into domestic demand. I see a window of high pricing where I hope to cash.
Posted by roadGator
Member since Feb 2009
140643 posts
Posted on 10/23/20 at 9:31 pm to
A stroke of the pen and a ton of money we don’t have and cash for clunkers can be done for EVs.

Which party is more likely to do that?
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 10/23/20 at 9:42 pm to
quote:

’m curious how long it would take to even bring 70% down to even 60%?


Think about what a 5% moves does to oil $ and how much more shale becomes uneconomic.
quote:

Price of EV’s would have to be affordable for lower class and charging stations would need to be as common as gas stations even in rural areas or the technology would have to support long range travel.


Do you think everything has to happen at once? Or that infra will be built over time as the $ flows in?
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 10/23/20 at 9:48 pm to
quote:

So since previous companies misunderstood technology and innovation then future investors will completely avoid it?


When billions are incinerated, yes.

quote:

People are advocating running away from a cheaper more mature energy source so they can use regulation to impose higher margins with “green energy”?


People ran to shale in the name of energy independence and investors/companies lost billions...only beneficiary was the consumer. I’d posit that the same could be happening with alternatives to some degree.
This post was edited on 10/23/20 at 10:34 pm
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