Posted on 12/30/2014 10:09:16 AM PST by thackney
ping
My own sons aren't that patient, I'm afraid ... but I guess this screed is the result of having been in the blue collar force for 45 some years, and they just don't get it ... though THEY are blue collar themselves
If I was 27 again .....
Amen brother
The Saudis value market share more than profits. Sort of like Samsung vs. Apple.
Personally, I vote for Apple. I’d take the money first. Market share can wait.
The bottom line for the U.S.: A big plus for the economy. Obama is the undeserving winner - unfortunately. The oil industry is going to have a bit of a setback. But the economy as a whole will really benefit. But the jobs are going to be shuffled - unfortunately.
Right now we have a surplus, for awhile and maybe quite awhile, of hard working and skilled men and women in the oil industry who are going to be looking for a job. Someone needs to figure out how to put them to work. For a bit, they will come cheap. Not for long hopefully.
I’ve been 27.............more than twice...............
old too soon get we ... schmaht too late .. eh ?
yeahhhh ... me too
Yes i read that and saw from one of those star trek movies mcCoy talking to the backward talking alien
Not going to work in a world with $50 oil and similar gas prices.
There just isn’t going to be a lot of money to be made in the gas fields while prices are that low.
While I really like lower pump prices, there is a cost. That cost is the implosion of the boom in the shale areas. And quite possibly a slowdown if not a halt in our march towards full energy independence.
That doesn't burst the bubble, in fact closing an alternative form of housing maintains it.
Man camps in at least one of the counties in Western ND have been limited, both by the desire of government officials to increase the tax base, but also because of the problems of providing emergency services. RV parks have been similarly limited, again in an apparent effort to promote more permanent housing solutions.
In the '70s boom, at least two apartment buildings and a motel were constructed of modular units, and were dismantled and moved elsewhere when the boom ended.
The bubble won't burst until the workforce size and available permanent housing balance out, and closing man camps will only keep it inflated by removing an alternative. Keeping in mind that the alternative is for temporary housing, that means motels or company leased apartment blocks are most likely to pick up the slack.
Another lumber related industry that will go under is the access mat manufactures and rig mat manufacturers. This has affected the demand over the last few years for 2x8-8’ and 14’ KD & green Douglas Fir. There has been such a huge demand for these lengths from plants in BC & AB that sawmills have changed what they are cutting the log to.
However, a sawmill can adjust their cut just by changing the price in the computer that controls the optimizer.
I’m not sure Civeois the typical man camp provider. The size of the operation in the YouTube video above is larger than I saw on the Alaskan North Slope or in my Middle East work.
That ping above was meant for you.
Swing and a miss by me, but glad you found the discussion. I thought you would relate.
Won’t the liberals be offended by calling these settlements man camps? Isn’t it bigoted to assume that only men and not women work in the oil fields???
This is the reasoning used by liberals who will not call the Founding Fathers by that name, even though every single one of them was a man.
The ones here were generally limited in size (I think the largest was 300 people). So far, I haven’t heard of any shutting down for lack of occupancy.
Sometimes dropping prices spur refinery projects. Lots of debottlenecking to squeeze more money out of less money.
It is a big one, and definitely larger than the ones around here.
I know a guy I met 6 ot 7 years ago that was 37 or 38 at the time and he told me last year he filed for a quarter of a million (last year being, of course 7 or 8 yrs ago)
He was managing a drill re-con shop and not too concerned about his future because of what he had been able to do in the previous 4 or 5 years.
I was a truck driver at the time and kept his statement in mind as I I probed other men I met.
The price of oil has nothing to do with the men needed to get it out of the ground ... they will be paid well.
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