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 Party Girl
Posts: 12293
   
Location: Buffalo, Wyoming | I currently work for a pipeline/heavy construction company in Wyoming. My SO is a Regional Sales Rep for one of the biggest companies in the Bakken.
What are your companies doing now that the price of oil is going down?
My company has laid of a few people, cutting payroll and cutting expenses all around. The big wigs are currently in a meeting to set payroll right now. I am thinking they are going to cut payroll in the office. I can't really go any lower than I already am, so I am hoping they leave me alone.
The SO's company is in the process of laying off 1400 company wide. He will be taking on sort of a new roll and a bigger area along with everyone else that will still have a job.
I know Schlumberger is laying off around 9000 people.
Just kind of wanted to see who was all in the same boat and what you and your companies are doing about it. The owners of my company keep telling me they are in a better postition this time around.... |
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 Bulls Eye
Posts: 6443
Location: Oklahoma | Living in OKC Schlumberger/Haliburton trucks are all in the yards... it is weird to see. There are still a lot of work over rigs though. I used to staff for Schlumberger and still keep in touch. They have been on a hiring freeze for quite some time and the frac crews have been working out of state mostly |
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 Veteran
Posts: 210
| We live in PA and my SO has worked for Nomac for almost five years now. Very slowly the rigs home have been getting stacked out. He was working a week here, a week in Ohio, and a week off for quite some time now. But just recently a lot of layoffs have been happening and he and the other mechanics he works with were given the choice to either move to ohio, work two weeks in ohio and two off, or take the severance package. He and his boss and another friend got in with CAT luckily this week so they are all leaving and taking the severance package. Alot of higher ups have told them to get out while they can before sh*t hits the fan. |
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Rad Dork
Posts: 5218
Location: Oklahoma | We are primarily a dirt contractor (we build locations and frac ponds) for the exploration side of things.... but over the course of the past few months we had just mostly been doing hauling jobs (hauling materials and equipment for workover rigs and clean up jobs) for the completions side of things. That hasn't really slowed down for us, but we know that it will as the exploration comes to a stand still.
We also do dirtwork for parties other than the oilfield (highway jobs and local farmers who might want a pond or road built), but the oilfield is our bread and butter and we just have to pray that we're diversified enough to keep going.
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 Jr. Detective
Location: Beggs, OK | I'm in oilfield supply and handle high yield materials for midstream pipeline projects. Our work hasn't slowed down at all, but I know that other segments have felt the downturn. We currently are under a hiring/wage freeze, no layoffs yet....
My brother is a directional driller. They've gotten super slow, but the company he works for must be amazing. They offered their guys wage cuts to keep from having to lay anyone off. It's about 30% less, but they are able to keep their benefits and work when they can. Not many companies do that when things get slow. |
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  Expert
Posts: 1584
Location: Central Texas | I work for a land surveying company that is about 90% oilfield in east central TX. We have gone from being crazy busy to absolutely nothing. The company has been in existence for 21 years and it looks real iffy now. We only have 11 people and now we are all part-time. We do some real estate surveying, but cannot survive on that with this many people. So...I'm in the job market and/or start my own business. Suddenly there are a lot of folks around here scrambling. It will be interesting to see what happens. |
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Party Girl
Posts: 12293
Location: Buffalo, Wyoming | rachellyn80 - 2015-01-23 10:02 AM I'm in oilfield supply and handle high yield materials for midstream pipeline projects. Our work hasn't slowed down at all, but I know that other segments have felt the downturn. We currently are under a hiring/wage freeze, no layoffs yet....
My brother is a directional driller. They've gotten super slow, but the company he works for must be amazing. They offered their guys wage cuts to keep from having to lay anyone off. It's about 30% less, but they are able to keep their benefits and work when they can. Not many companies do that when things get slow.
My BIL works on a rig in Southern Wyoming, my sister just text me and said they had cut their wages and have laid off around 50 people in the last 2 days. They said his job was safe for now.
I think it is great that they will offer a lower wage instead of laying off. Every little bit helps right now. |
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Jr. Detective
Location: Beggs, OK | It's scary no matter what... Back in 2009 I was laid off the week after they told us that there would be no management level layoffs within the project group. I was 6 months pregnant with Savvy. The next day was the end of the month, so I had to go on COBRA immediately to maintain my benefits. At that time it cost me $1,236 a month to keep my insurance. My unemployment was $1,700 I think?
It looked like they made a list of all of the people who were at the highest of the payscale for their title and cut them... So many great people lost their jobs that week. |
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 Expert
Posts: 3782
Location: Gainesville, TX | My husband doesn't work in the industry directly but has been doing appraisals out in the Odessa/Midland area and business has certainly slowed. |
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 Buttered Noodles Snacker
Posts: 4377
Location: NC | My brother works in PA doing fracking for natural gas or soemthing like that... and he said he feels like he has a 40% of losing his job.... :-( |
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Location: Saskatchewan | We own a rig welding business that primarily contracts under big oil companies up here in Canada. So far everything was looking 100% nothing affecting us until they let everyone go on Monday no notice, being a contractor and not on payroll gives them more of a reason for no notice. Fortunately for us the hubby was already sent to another project. He usually works minimum 8 hours from home but this build sent him to a potash mine just 2 hours away for a project that will keep him busy for at least a few months with the potential for more tank projects after.
Won't lie I'm a bit scared seeing how he had 6 weeks off before heading back north but at least he has work and for myself I have a full time job plus the business. With owning our own company we have to think on so many different angles, with being owners on payroll its not like we can file for assistance if things go south. Just glad I keep the company and us on budgets with savings. All I can do now is save more and be thankful we have work still. |
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 Expert
Posts: 1857
| We also have a rig welding business. We are contracted with Chaparral but they have stacked out all rigs but one at the moment. We have adapted a little and have been doing the location clean ups and taking hot shot loads from one location to another but it's about to get thin around here. We've been approached to go up to Kansas, Arkansas, etc. to weld on Salt water locations but that's all still in the works. I think are dilemma is going to be to hold on to our liability insurance policies for the occasional job or let them go. It's going to be hard to cover expenses with no income for a while! |
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Party Girl
Posts: 12293
Location: Buffalo, Wyoming | FlyingJT - 2015-01-23 10:33 AM We also have a rig welding business. We are contracted with Chaparral but they have stacked out all rigs but one at the moment. We have adapted a little and have been doing the location clean ups and taking hot shot loads from one location to another but it's about to get thin around here. We've been approached to go up to Kansas, Arkansas, etc. to weld on Salt water locations but that's all still in the works. I think are dilemma is going to be to hold on to our liability insurance policies for the occasional job or let them go. It's going to be hard to cover expenses with no income for a while!
We had a hot shot business as well. Our insurance was killing us and with the influx of drivers that are about to be out of jobs we decided to let it go. We stopped last week and I finally get my truck back.
We were pretty much paying the bills and keep our driver in a job. |
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 Swiffer PIcker Upper
Posts: 4015
Location: Four Corners Colorado | My Hubby was working for Precision drilling in ND and his rig was stacked just after Thanksgiving. He ended up back to work in Texas last week making 1/3 of what he was in ND. Luckily we learned very well from the first drop in 09 and have savings. I am currently liquidating 80% of my horses but we will be ok. |
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 Veteran
Posts: 239
| We have a very small (1 truck 2 trailer) oilfield hauling business in Alberta. We are involved mostly in frac. So far things haven't slowed down terribly but no new projects are being planned, and many planned projects are being cancelled. I think we will go the same until break up and then summer and mostly fall will tell the tale. I am very worried but praying hard. .... hoping they will cut our rate but still give us the jobs. |
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Jr. Detective
Location: Beggs, OK | Centerpoint has projects planned this year in Minnesota. They are looking at 20" & 24" materials. I've also seen activity in the Ohio area for projects planned from April-June this year. This is all pipeline related though.
Since King Abdullah died this morning I'm curious to see if there are any noticeable changes. His brother who will come into power is old and in bad health as well. |
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 Chasin my Dream
Posts: 13651
Location: Alberta | My husband is a contract welder in the oilfield and the company he's with has said things may slow down come March due to trying to bid on another job. They likely won't stop work but have periods between no work....as with any oilfield work regardless of how industry is you always go day by day! |
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 Expert
Posts: 2128
| I worked for Shell Oil at their Haynesville Shale asset in N. Louisiana. They recently sold out to a new company (for which I am still working thank gosh). I have not witnessed any changes with my new company just yet but we just got started. Lots of local suppliers and vendors are slowing down and cutting personnell. My sister in law is a landman for a firm that handles all of BHP's leasing. Because of the budget cuts BHP just inposed, my sister in laws firm is going to be cutting jobs. Lots of people in my area work on drilling rigs. They are pretty worried. Rough times for oilfield folks for sure. |
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Member
Posts: 10
| I work for a oilfield rental equipment business in southwest Wyoming. We have two stores in WY, ND, CO and TX. I have not heard of any of the stores laying off employees but have heard that work has slowed down in some of them. My boyfriend was layed off; he worked for workover rig company here in Wyoming. |
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 Regular
Posts: 52
Location: North Dakota | I work for a casing company in the bakken and we are slowly cutting back on crews! At the first of the year we all took a 10% pay cut which wasn't fun but it's better than the umemployment line! Our office is going to keep cutting back on crews so that the guys that stay will still have work! They have been very good about trying to take cAre of the guys who have been through thick and thin with the company! Not. Very fun time right now! A lot of good friends on are rough necks are losing jobs! To all who work in the oil field keep your heads up and let's hope and pray this doesn't last long! |
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 Expert
Posts: 2036
Location: Montana | My husband works in the fields of AK. There have been hundreds of layoffs and many, across the board, pay cuts just to keep people working. My husband said that he had heard that layoffs in the lower 48 fields were around 60%. We are really worried. |
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Elite Veteran
Posts: 1079
| Random but related question. To those of you who work in this industry, what impact might this environment have on the desire for a Canadian company to want to build an oil refinery in the states?
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 Texas Tenderheart
Posts: 6715
Location: Red Raiderland | Our family business is involved in the oil and gas business down here in Texas and the future is scary but my family has been in oil and gas since the 60's and we have ALWAYS seen peaks and valleys so we are always watching our business budget. Our business also deals in aerospace, automotive and medical so with the diversification we will survive, always have. Oil and gas is always so volatile. Try to always save for the rainy days. Hopefully this downturn won't last too long.  |
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 Expert
Posts: 1440
Location: Texas | My husband works in Odessa now and was previously in ND. His old company has had quite a few layoffs so I am glad he changed jobs last OCT. His current company has not had any layoffs yet but I am guessing they will be coming soon. They have told him his job is safe but we are still very concerned. I hope this downturn does not last long as people have no clue as to how bad our economy will be effected nationwide. |
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 Banjo and Baby
Posts: 7259
Location: South of Canada and North of Mexico | My husband does mainline pipeline,, hes currently in California and no talks yet of any lay offs or lack of work, they are tieing in right now on the pipe and then he'll go back and run a clean up crew and sounds like the Underground has at least two more jobs after that. This is the longest we've worked with no lay off in a long time. Thats the problem about the oil line of work, you MUST save because you never know when it will be done. Im sure a lot of kids and people who have never done oil work before who all flocked to ND will learn the hard way. Hope gas can go back up to a decent amount, Id like it around $2.50 a gal. |
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Extreme Veteran
Posts: 448
Location: lone star state | My husband works in refinery side of oil business. Most companies are cutting about 5 percent of their construction projects at this time. If this trend continues more projects will be cut in the future. Fortunately oil must be refined whether it's homegrown or imported but oil companies are certainly watching their bottom line closely in these times. |
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 To the Left
Posts: 1865
Location: Florida | I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago. |
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 Shelter Dog Lover
Posts: 10277
| Vickie - 2015-01-23 7:34 PM I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago.
While this is true, the drop in oil prices and loss of jobs is going to have a dominoe effect on our economy, all the satellite industries are going to be cutting jobs also. Many times this has led to another economic crash. |
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Party Girl
Posts: 12293
Location: Buffalo, Wyoming | rodeomom3 - 2015-01-23 6:43 PM Vickie - 2015-01-23 7:34 PM I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago. While this is true, the drop in oil prices and loss of jobs is going to have a dominoe effect on our economy, all the satellite industries are going to be cutting jobs also. Many times this has led to another economic crash.
This is what a lot of people do not understand. It doesn't just effect the people that work in this line of work or the price at the pump. It affects a lot more than that. |
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Extreme Veteran
Posts: 464
| Kind of insensitive to not atleast feel for these peoples plight.
Edited by Bigfoot 2015-01-25 10:09 PM
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Expert
Posts: 1857
| UTAHCANCHASER - 2015-01-25 7:27 PM
rodeomom3 - 2015-01-23 6:43 PM Vickie - 2015-01-23 7:34 PM I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago. While this is true, the drop in oil prices and loss of jobs is going to have a dominoe effect on our economy, all the satellite industries are going to be cutting jobs also. Many times this has led to another economic crash.
The last time we went through this we had a construction business, oil left, people left, homes foreclosed, no new construction, layoffs, business closings! And what did everyone say when it all began....yay for lower gas prices.... That sure came back to bite them in the a$$! |
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 Expert
Posts: 1718
Location: Southeast Louisiana | Can someone explain why there has been such a big dip in gas prices? I haven't kept up with the news lately. I remember hearing some middle eastern companies were causing it but I don't know why or how they're doing that. I thought we had reserves to keep us safe from that type of thing? |
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The Advice Guru
Posts: 6419
| rodeomom3 - 2015-01-23 7:43 PM
Vickie - 2015-01-23 7:34 PM I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago.
While this is true, the drop in oil prices and loss of jobs is going to have a dominoe effect on our economy, all the satellite industries are going to be cutting jobs also. Many times this has led to another economic crash.
This actually effects barrel racing in a negative way, you may be able to afford to go to the barrel race, but due to the oil prices plummeting and the trickle down effect,
barrel races will be cancelled
Due to lack of sponsorship
This has already happened in Alberta a $22,000+ jackpot has been cancelled for 2015 |
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Shelter Dog Lover
Posts: 10277
| Nita - 2015-01-26 12:56 AM Can someone explain why there has been such a big dip in gas prices? I haven't kept up with the news lately. I remember hearing some middle eastern companies were causing it but I don't know why or how they're doing that. I thought we had reserves to keep us safe from that type of thing? Surplus of oil, big producers are letting the price drop to drive out the little guys
Edited by rodeomom3 2015-01-26 6:41 AM
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Chasin my Dream
Posts: 13651
Location: Alberta | Nita - 2015-01-25 11:56 PM Can someone explain why there has been such a big dip in gas prices? I haven't kept up with the news lately. I remember hearing some middle eastern companies were causing it but I don't know why or how they're doing that. I thought we had reserves to keep us safe from that type of thing?
It's all part of the cycle the industry goes through, 2008 was the last time oil went down....every industry has up and down cycles... |
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I just read the headlines
Posts: 4483
| I was told that the Arab producers are upset that we are using a lot less oil from them because we are producing more domestic oil so they are conspiring to drop and keep prices low to ruin the US oil industry. The report went on to say that they will win but if we could weather the storm we would be better off in the long run. I am not sure we can weather the storm, if this is in fact is what is going on. |
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Shelter Dog Lover
Posts: 10277
| cheryl makofka - 2015-01-26 1:15 AM rodeomom3 - 2015-01-23 7:43 PM Vickie - 2015-01-23 7:34 PM I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago. While this is true, the drop in oil prices and loss of jobs is going to have a dominoe effect on our economy, all the satellite industries are going to be cutting jobs also. Many times this has led to another economic crash. This actually effects barrel racing in a negative way, you may be able to afford to go to the barrel race, but due to the oil prices plummeting and the trickle down effect, barrel races will be cancelled Due to lack of sponsorship This has already happened in Alberta a $22,000+ jackpot has been cancelled for 2015
Another example of the reach of this. My husband shoots sporting clays, the oil industry puts on several HUGE shoots a year for those in their industry to participate and proceeds are donated to charity, 2 of these shoots have been canceled. No donations to charity, out of work trappers, no golf carts being rented, no caterers being hired and the list goes on. |
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 Elite Veteran
Posts: 1037
| Vickie - 2015-01-23 7:34 PM
I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago.
I'm so happy that y'all can save $27 per tank while people are losing their entire income. Congratulations!
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I just read the headlines
Posts: 4483
| I am not going to apologize for being able to save a little since fuel prices have dropped. On the flip side, I will not whine when the prices go back up. My husband works in a refinery so we won't be hit as hard as a lot of people. My FIL lost his business in the mid 80's when we had a big bust down here. So we have been affected in the past by this. My brother's construction company has suffered from the oilfield upswing, it's a lot harder to find workers because the oilfield can pay so much more than he can, but hey, that's life. One has some success, and another suffers, but it ususally swings back the otherway. Oilfield people sure don't care when prices are high and a lot of people are wondering how to make ends meet when they have tough choices to make because the fuel prices are high. Is it the oilfield's fault? No but on the flip side, you can't blame people for appreciating a break now and then. I don't mean to sound so callous, but the oilfield, ranchers and just about every industry has it's hard times. It's all cyclical. It will get better. |
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Veteran
Posts: 291
| Last time I filled up with fuel my savings was $75. It has went down more since then. |
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Bulls Eye
Posts: 6443
Location: Oklahoma | It is a very scary unknown. My husband got out of the oil field, but is a heavy duty mechanic and much of his work is for oil companies' trucks. There have been orders of new trucks cancelled, etc. I'm thankful he has a job, but it is the domino effect. I would gladly pay more for a tank of fuel if it meant other families could keep employment. |
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Veteran
Posts: 239
| cheryl makofka - 2015-01-26 12:15 AM rodeomom3 - 2015-01-23 7:43 PM Vickie - 2015-01-23 7:34 PM I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago. While this is true, the drop in oil prices and loss of jobs is going to have a dominoe effect on our economy, all the satellite industries are going to be cutting jobs also. Many times this has led to another economic crash. This actually effects barrel racing in a negative way, you may be able to afford to go to the barrel race, but due to the oil prices plummeting and the trickle down effect, barrel races will be cancelled Due to lack of sponsorship This has already happened in Alberta a $22,000+ jackpot has been cancelled for 2015
The big reining "sister show" was also cancelled, most of the sponsors are the same as for the barrel race.
As well - as wages start going down (This is probably more true for our province as most of our economy depends on oil and gas.), people start spending less on hobbies like barrel racing. Despite fuel being cheaper, maintaining horses still costs $$$. Entries may drop yet. Less entries, less payout. |
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 A very grounded girl
Posts: 5052
Location: Moving soon..... | I've working in the industry since 2008. I went through the slow market back in 2009-10. It took about 18 months to recover back then. They are saying that probably the same this time. The company that I work for is worldwide. Our location laid off 12 people (out of 140). I still see rigs working around here, but the smaller companies need for oil to be at least $60 per barrel to make any money. It's going to recover, just going to take time. |
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 Fact Checker
Posts: 16575
Location: Displaced Iowegian | I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ???? |
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Expert
Posts: 1857
| Karol - 2015-01-26 12:12 PM
I've working in the industry since 2008. I went through the slow market back in 2009-10. It took about 18 months to recover back then. They are saying that probably the same this time. The company that I work for is worldwide. Our location laid off 12 people (out of 140). I still see rigs working around here, but the smaller companies need for oil to be at least $60 per barrel to make any money. It's going to recover, just going to take time.
More than likely they are workover rigs, which will still be able to run, but I bet you will not find very many(if at all) drilling rigs.
Edited by FlyingJT 2015-01-26 12:29 PM
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Rad Dork
Posts: 5218
Location: Oklahoma | Just curious.... what other big players in this (horse) industry are closely related to the oilfield like Jud Little and the Schillers?? |
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 Semper Fi
Location: North Texas | As far as the 'why' for this current down turn...........Saudia Arabia is attempting to crush the U.S. Oil Field by releasing a surplus of its stored oil into the market. Even with their recent change in Leadership last week, this still holds true. It is a basic principle of Economics. Supply and Demand, the supply is currently greater than the demand, so therefore prices are lower. However, from what I understand many OF Outfits are much better position this time around than previous downturns.
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Jr. Detective
Location: Beggs, OK | Vickie - 2015-01-23 7:34 PM I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago.
Perfect example of the simple minded thinking that you see on FB and everywhere else on a daily basis. This affects you I promise.
Glad that barrel racers can go make a run, when there are people who will be trying to pay for insurance and groceries for their families.
Those "big oil" companies that everyone wants to slam put billions of dollars into the economy...but, when they aren't making money, they sure won't be spending any. Good luck getting donations out of people who are unemployed. |
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Semper Fi
Location: North Texas | rachellyn80 - 2015-01-26 12:47 PM Vickie - 2015-01-23 7:34 PM I am sorry for those of you whose jobs are affected, but the rest of us are so relieved. The drop in diesel prices is a huge help. I am sure that there are many barrel racers who can go to a run this weekend that they couldn't afford a few months ago. Perfect example of the simple minded thinking that you see on FB and everywhere else on a daily basis. This affects you I promise.
Glad that barrel racers can go make a run, when there are people who will be trying to pay for insurance and groceries for their families.
Those "big oil" companies that everyone wants to slam put billions of dollars into the economy...but, when they aren't making money, they sure won't be spending any. Good luck getting donations out of people who are unemployed.
RL80,
You have just illustrated the 'double edged sword' to this equation. Lower oil prices on one side of the sword are good, however there is always 'the other side'. Which in this case means a cascading effect.
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 Half-Eaten Cookies
Posts: 2076
Location: Fort Worth / Springtown | NJJ - 2015-01-26 12:23 PM I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ????
I don't have an answer, but in the last few years, it has been obvious in my area, who does work in the oil field -- you see outbuildings pop up on their property to hold their growing collection of ATV's, boats, big RV's, etc.
I hate for hard times to fall on ANYONE, but I sure am glad to see an extra $25 -$30 in my pocket when I fill up, because I've been pinching pennies for 3-4 years - and expensive hay, groceries, services,etc - all because they say gas prices were so high. 
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Jr. Detective
Location: Beggs, OK | NJJ - 2015-01-26 12:23 PM I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ????
It's not the price of fuel that you look at. It's the price of NG and the price of Oil.
The area I grew up in was primarily dry gas, not oil. When natural gas was high drilling in our area was booming. It all fluctuates and is susceptible to inflation. How many years ago was that? I honestly don't remember. It's been extremely volatile since 9/11. Typically you're looking at a 5/6 year cycle. Things will pick back up in the next 6 months and then hit another boom....then start sliding back down. It's the hard crashes that hurt the working people of the industry the most.
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Expert
Posts: 1857
| txbredbr - 2015-01-26 12:50 PM
NJJ - 2015-01-26 12:23 PM I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ????
I don't have an answer, but in the last few years, it has been obvious in my area, who does work in the oil field -- you see outbuildings pop up on their property to hold their growing collection of ATV's, boats, big RV's, etc.
I hate for hard times to fall on ANYONE, but I sure am glad to see an extra $25 -$30 in my pocket when I fill up, because I've been pinching pennies for 3-4 years - and expensive hay, groceries, services,etc - all because they say gas prices were so high.
you're not going to see the food prices fall just because the gas prices have fallen... that's wish full thinking!! Beef is up and is predicted to rise 5-6%, pork 2-3%, dairy 2.5-3.5%. so while your saving at the pump you better plan to dump that money into your grocery bill and you can't blame the high prices at the grocery store on the oil & gas this year!! |
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | rachellyn80 - 2015-01-26 12:55 PM NJJ - 2015-01-26 12:23 PM I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ???? It's not the price of fuel that you look at. It's the price of NG and the price of Oil.
The area I grew up in was primarily dry gas, not oil. When natural gas was high drilling in our area was booming. It all fluctuates and is susceptible to inflation. How many years ago was that? I honestly don't remember. It's been extremely volatile since 9/11. Typically you're looking at a 5/6 year cycle. Things will pick back up in the next 6 months and then hit another boom....then start sliding back down. It's the hard crashes that hurt the working people of the industry the most.
Thank you for your explanation. However, when the gas and diesel were below $2 that price per barrel had to be low too......I, like FH, thinks that it is truly a double edged sword......lower fuel prices mean lower transportion prices for goods delivered; lower prices on the goods means more money in the pocket of the every day consumer means more purchases, which puts more profits into those industries and they can hire...... and the world goes around.
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Half-Eaten Cookies
Posts: 2076
Location: Fort Worth / Springtown | FlyingJT - 2015-01-26 1:00 PM txbredbr - 2015-01-26 12:50 PM NJJ - 2015-01-26 12:23 PM I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ???? I don't have an answer, but in the last few years, it has been obvious in my area, who does work in the oil field -- you see outbuildings pop up on their property to hold their growing collection of ATV's, boats, big RV's, etc.
I hate for hard times to fall on ANYONE, but I sure am glad to see an extra $25 -$30 in my pocket when I fill up, because I've been pinching pennies for 3-4 years - and expensive hay, groceries, services,etc - all because they say gas prices were so high. you're not going to see the food prices fall just because the gas prices have fallen... that's wish full thinking!! Beef is up and is predicted to rise 5-6%, pork 2-3%, dairy 2.5-3.5%. so while your saving at the pump you better plan to dump that money into your grocery bill and you can't blame the high prices at the grocery store on the oil & gas this year!!
Edited by txbredbr 2015-01-26 1:16 PM
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | FlyingJT - 2015-01-26 1:00 PM txbredbr - 2015-01-26 12:50 PM NJJ - 2015-01-26 12:23 PM I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ???? I don't have an answer, but in the last few years, it has been obvious in my area, who does work in the oil field -- you see outbuildings pop up on their property to hold their growing collection of ATV's, boats, big RV's, etc.
I hate for hard times to fall on ANYONE, but I sure am glad to see an extra $25 -$30 in my pocket when I fill up, because I've been pinching pennies for 3-4 years - and expensive hay, groceries, services,etc - all because they say gas prices were so high.
you're not going to see the food prices fall just because the gas prices have fallen... that's wish full thinking!! Beef is up and is predicted to rise 5-6%, pork 2-3%, dairy 2.5-3.5%. so while your saving at the pump you better plan to dump that money into your grocery bill and you can't blame the high prices at the grocery store on the oil & gas this year!!
I think we are comparing apples to oranges here....beef price rose and are rising due to the sell off in the droughts....pork prices are rising because of a virus that killed 7 million pigs....."transportation" cost does have an effect on the price of "goods" (not just food) |
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Texas Tenderheart
Posts: 6715
Location: Red Raiderland | It will be interesting to see what the Saudis have in store to plummet the price of a barrel of oil. Western production of oil could sustain maybe $35/barrel but anywhere below that it is just not cost prohibitive.
And for those that have been in the industry long enough it is a fact of life that it is very cyclical so it would be very wise to save, save, save when times are good so you can maintain when the times dip into those valleys like it will. |
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Expert
Posts: 1857
| NJJ - 2015-01-26 1:14 PM
FlyingJT - 2015-01-26 1:00 PM txbredbr - 2015-01-26 12:50 PM NJJ - 2015-01-26 12:23 PM I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ???? I don't have an answer, but in the last few years, it has been obvious in my area, who does work in the oil field -- you see outbuildings pop up on their property to hold their growing collection of ATV's, boats, big RV's, etc.
I hate for hard times to fall on ANYONE, but I sure am glad to see an extra $25 -$30 in my pocket when I fill up, because I've been pinching pennies for 3-4 years - and expensive hay, groceries, services,etc - all because they say gas prices were so high.
you're not going to see the food prices fall just because the gas prices have fallen... that's wish full thinking!! Beef is up and is predicted to rise 5-6%, pork 2-3%, dairy 2.5-3.5%. so while your saving at the pump you better plan to dump that money into your grocery bill and you can't blame the high prices at the grocery store on the oil & gas this year!!
I'm not saying they don't, but i'm not expecting that this recent drop in oil prices is going to affect our cost of "goods" for the very reason you are stating. (I am aware not just food)
Edited by FlyingJT 2015-01-26 1:30 PM
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| Any one near the gas line explosion in Mississippi? |
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Semper Fi
Location: North Texas | FlyingJT - 2015-01-26 1:23 PM Any one near the gas line explosion in Mississippi?
Elaborate please. |
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Expert
Posts: 1857
| foundation horse - 2015-01-26 1:32 PM
FlyingJT - 2015-01-26 1:23 PM Any one near the gas line explosion in Mississippi?
Elaborate please.
There was a natural gas line explosion just before noon in Smith county, Mississippi. What I heard was no injuries reported at this time. |
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Extreme Veteran
Posts: 464
| I'm old school economics. Reagonomics if you will. I believe if we were all doing good, we'd all be doing better. I spent $2000 less in fuel in December 2014 compared to December 2013. That's money that goes back in my operation. The way we import everything, and only export jobs has our country in a topsy turvey state. This oil bust didn't have to be driven by OPEC. We let it. They drove the price up, it drove us on the hunt. They drove the price down, it put workers on unemployment. I don't know why I worry about it. We'll be a suburb of Mexico in a few years anyway at the rate were going. |
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Semper Fi
Location: North Texas | Bigfoot - 2015-01-26 1:41 PM I'm old school economics. Reagonomics if you will. I believe if we were all doing good, we'd all be doing better. I spent $2000 less in fuel in December 2014 compared to December 2013. That's money that goes back in my operation. The way we import everything, and only export jobs has our country in a topsy turvey state. This oil bust didn't have to be driven by OPEC. We let it. They drove the price up, it drove us on the hunt. They drove the price down, it put workers on unemployment. I don't know why I worry about it. We'll be a suburb of Mexico in a few years anyway at the rate were going.
I must say, Your line of reasoning does have an 'appeal'. |
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Expert
Posts: 1718
Location: Southeast Louisiana | What role does our own government's "green" agenda play in all of this? It seems like, for years now, policies have been driving us toward less dependency on oil and gas. And not just at the gas pump. There was cash for clunkers which took millions of perfectly good (albeit not very fuel efficient) vehicles and trashed them as an incentive to buy hybrids and electric cars; the push for more solar usage at home (and I can't remember what else because I just woke up). But, it seems like our own government laid the ground work for this disaster in one of America's biggest industries. |
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Jr. Detective
Location: Beggs, OK | NJJ - 2015-01-26 1:09 PM rachellyn80 - 2015-01-26 12:55 PM NJJ - 2015-01-26 12:23 PM I just have an honest question......how did all of the people in the "oil field" industry survive when gas and diesel (both) were below $2/gallon ???? It's not the price of fuel that you look at. It's the price of NG and the price of Oil.
The area I grew up in was primarily dry gas, not oil. When natural gas was high drilling in our area was booming. It all fluctuates and is susceptible to inflation. How many years ago was that? I honestly don't remember. It's been extremely volatile since 9/11. Typically you're looking at a 5/6 year cycle. Things will pick back up in the next 6 months and then hit another boom....then start sliding back down. It's the hard crashes that hurt the working people of the industry the most.
I would love to see a report outlining the industries that have followed suit.... Fuel prices may come down for a bit, but I bet you don't see the price of anything else fall much....and most definitely not in proportion.
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Expert
Posts: 1718
Location: Southeast Louisiana | I think the prices of goods and services will lower eventually only IF fuel prices stay low for a prolonged period of time. Right now, businesses are enjoying the profits. It costs less to transport the goods and the companies are making more money off of their goods. If the fuel prices stay low, natural competition will bring the prices down. Some companies will offer goods and services for less because they can draw the consumers toward their businesses and still make a profit. Other businesses will have to lower prices some to compete.
e.t.a.: I forget the term for it, but it's a leveling or sort of a "reset" that the economy goes through from time to time. Like some stated, it's the ups and downs of the oil and gas industry. It's just sad that the most pain will be felt by the hard working Americans that are affected most through the loss of jobs and wages.
Edited by Nita 2015-01-26 4:30 PM
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Elite Veteran
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Location: TX | I've seen many people many great money in the oilfield industry and I'm very happy for them, I think (maybe wrong), but they are independent contractors and in my opinion they should be putting money back for the ups and downs of the industry and their future. I see so many that have made great money and they are spending as fast as its coming in. My husband and I work hard for our money, we are planning for the future and stashing money back, I look forward to not having to work for my golden years.
So many people suffered when gas was almost $4/gallon, I often wondered how low income and teenagers were able to fill their vehicles up to get to school or work. |
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 Extreme Veteran
Posts: 356
| This thread has been quiet for a few days, but I just ran across this article and thought it was very relevant to the discussion going on: http://fortune.com/2015/01/30/oil-prices-waste-exxon-chevron/ |
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Semper Fi
Location: North Texas | k.maddocks24 - 2015-01-30 3:46 PM This thread has been quiet for a few days, but I just ran across this article and thought it was very relevant to the discussion going on: http://fortune.com/2015/01/30/oil-prices-waste-exxon-chevron/[/quot...
I just read the attached article. "Hit Piece" is what I would classify this aggressively written Op-Ed as....................The Author is NOT an Oil & Gas Industry fan. |
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Texas Tenderheart
Posts: 6715
Location: Red Raiderland | foundation horse - 2015-01-30 9:43 PM k.maddocks24 - 2015-01-30 3:46 PM This thread has been quiet for a few days, but I just ran across this article and thought it was very relevant to the discussion going on: http://fortune.com/2015/01/30/oil-prices-waste-exxon-chevron/[/quot... I just read the attached article. "Hit Piece" is what I would classify this aggressively written Op-Ed as....................The Author is NOT an Oil & Gas Industry fan. I agree FH. The author strikes me as someone that would praise Apple or Google like they are the second coming. God forbid big oil spends money but the tech giants can do no wrong, ever! Although he did bring up valid points, they were lost on his complete negative sour attitude. I did like the interview that Neil Cavuto did with T. Boone Pickens which was a video available with the original article. Edited by Kaycee 2015-01-30 10:04 PM
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The Advice Guru
Posts: 6419
| k.maddocks24 - 2015-01-30 3:46 PM
This thread has been quiet for a few days, but I just ran across this article and thought it was very relevant to the discussion going on: http://fortune.com/2015/01/30/oil-prices-waste-exxon-chevron/[/quot...
I read the article, and from my experience the article is poorly researched and written.
He did not identify why the costs of producing oil have increased.
10 yrs ago most of the drilling rigs were drilling straight down, today most are directional drilling, this means more tools, and more staff.
Straight down drilling didn't need cementing, directional does, generally three times, this means a company needs to come in 3 times to cement.
This is all I can think of off the top of my head |
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Expert
Posts: 1440
Location: Texas | getacheck - 2015-01-26 8:07 PM
I've seen many people many great money in the oilfield industry and I'm very happy for them, I think (maybe wrong), but they are independent contractors and in my opinion they should be putting money back for the ups and downs of the industry and their future. I see so many that have made great money and they are spending as fast as its coming in. My husband and I work hard for our money, we are planning for the future and stashing money back, I look forward to not having to work for my golden years.
So many people suffered when gas was almost $4/gallon, I often wondered how low income and teenagers were able to fill their vehicles up to get to school or work.
Most people who work in oil patch are NOT independent contractors. Most as hard working people who work directly for the company. As far as suggesting that oilfield workers don't work hard for their money is absolutely absurd. Yes my husband makes good money but her also works 80 to 100 hours per week and usually 2 weeks at at time. Sometimes he would work 24 to 48 hours straight if needed so I would not consider that easy money. Most of these men work away from their homes and family for weeks at a time to provide for their families so their wives can stay home with thir kids and if they get laid off that is their entire income. Yes some have squandered their $$ away but that is not the majority of people. No one is saying that they want $4 gallon diesel but if so may people lose their jobs due to lay offs and can't find other gainful employment they will depend on the government for support and they will lose houses and vehicle etc which will then make lending and other things more difficult for the average person. I have to admit i to am liking the lover cost of fuel but am extremely worried for the welfare and being of so many people who will lose jobs. I feel like your commernts are extremely insensitive and based on a lack of knowledge of the oilfield industry |
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | barrelbasher - 2015-01-31 10:27 AM getacheck - 2015-01-26 8:07 PM I've seen many people many great money in the oilfield industry and I'm very happy for them, I think (maybe wrong), but they are independent contractors and in my opinion they should be putting money back for the ups and downs of the industry and their future. I see so many that have made great money and they are spending as fast as its coming in. My husband and I work hard for our money, we are planning for the future and stashing money back, I look forward to not having to work for my golden years. So many people suffered when gas was almost $4/gallon, I often wondered how low income and teenagers were able to fill their vehicles up to get to school or work. Most people who work in oil patch are NOT independent contractors. Most as hard working people who work directly for the company. As far as suggesting that oilfield workers don't work hard for their money is absolutely absurd. Yes my husband makes good money but her also works 80 to 100 hours per week and usually 2 weeks at at time. Sometimes he would work 24 to 48 hours straight if needed so I would not consider that easy money. Most of these men work away from their homes and family for weeks at a time to provide for their families so their wives can stay home with thir kids and if they get laid off that is their entire income. Yes some have squandered their $$ away but that is not the majority of people. No one is saying that they want $4 gallon diesel but if so may people lose their jobs due to lay offs and can't find other gainful employment they will depend on the government for support and they will lose houses and vehicle etc which will then make lending and other things more difficult for the average person. I have to admit i to am liking the lover cost of fuel but am extremely worried for the welfare and being of so many people who will lose jobs. I feel like your commernts are extremely insensitive and based on a lack of knowledge of the oilfield industry
Did you feel the same way over the last few years when hundreds of thousands were laid off or businesses went "belly up" due to high energy, transportation and raw material costs that skyrocketed due to $100/barrel oil? |
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Banjo and Baby
Posts: 7259
Location: South of Canada and North of Mexico | barrelbasher - 2015-01-31 10:27 AM getacheck - 2015-01-26 8:07 PM I've seen many people many great money in the oilfield industry and I'm very happy for them, I think (maybe wrong), but they are independent contractors and in my opinion they should be putting money back for the ups and downs of the industry and their future. I see so many that have made great money and they are spending as fast as its coming in. My husband and I work hard for our money, we are planning for the future and stashing money back, I look forward to not having to work for my golden years. So many people suffered when gas was almost $4/gallon, I often wondered how low income and teenagers were able to fill their vehicles up to get to school or work. Most people who work in oil patch are NOT independent contractors. Most as hard working people who work directly for the company. As far as suggesting that oilfield workers don't work hard for their money is absolutely absurd. Yes my husband makes good money but her also works 80 to 100 hours per week and usually 2 weeks at at time. Sometimes he would work 24 to 48 hours straight if needed so I would not consider that easy money. Most of these men work away from their homes and family for weeks at a time to provide for their families so their wives can stay home with thir kids and if they get laid off that is their entire income. Yes some have squandered their $$ away but that is not the majority of people. No one is saying that they want $4 gallon diesel but if so may people lose their jobs due to lay offs and can't find other gainful employment they will depend on the government for support and they will lose houses and vehicle etc which will then make lending and other things more difficult for the average person. I have to admit i to am liking the lover cost of fuel but am extremely worried for the welfare and being of so many people who will lose jobs. I feel like your commernts are extremely insensitive and based on a lack of knowledge of the oilfield industry
My husband works pipeline and has been in California for one year this next month. He works hard for his money as well and until this Cali job he was working 80-90 hrs most weeks. Its hard to be away from him for so long, but 10 years of doing this Im used to it now. |
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The Advice Guru
Posts: 6419
| NJJ - 2015-01-31 11:53 AM
barrelbasher - 2015-01-31 10:27 AM getacheck - 2015-01-26 8:07 PM I've seen many people many great money in the oilfield industry and I'm very happy for them, I think (maybe wrong), but they are independent contractors and in my opinion they should be putting money back for the ups and downs of the industry and their future. I see so many that have made great money and they are spending as fast as its coming in. My husband and I work hard for our money, we are planning for the future and stashing money back, I look forward to not having to work for my golden years. So many people suffered when gas was almost $4/gallon, I often wondered how low income and teenagers were able to fill their vehicles up to get to school or work. Most people who work in oil patch are NOT independent contractors. Most as hard working people who work directly for the company. As far as suggesting that oilfield workers don't work hard for their money is absolutely absurd. Yes my husband makes good money but her also works 80 to 100 hours per week and usually 2 weeks at at time. Sometimes he would work 24 to 48 hours straight if needed so I would not consider that easy money. Most of these men work away from their homes and family for weeks at a time to provide for their families so their wives can stay home with thir kids and if they get laid off that is their entire income. Yes some have squandered their $$ away but that is not the majority of people. No one is saying that they want $4 gallon diesel but if so may people lose their jobs due to lay offs and can't find other gainful employment they will depend on the government for support and they will lose houses and vehicle etc which will then make lending and other things more difficult for the average person. I have to admit i to am liking the lover cost of fuel but am extremely worried for the welfare and being of so many people who will lose jobs. I feel like your commernts are extremely insensitive and based on a lack of knowledge of the oilfield industry
No I didn't as there was an excess of jobs available in other companies, yes mostly tied to oilfield.
I am worried now as governments depend on oil revenues and it is said thst OPEC will let the oil drop to 20/barrel to make the smaller companies to go belly up. If this occurs, there will be minimal exports, minimal income coming in, more debt, more unemployment, and the government will not sustain their budget go into debt even more, and this will be a hole USA will not be able to get out of as USA already has a high debt and deficit.
If OPEC allows prices to fall to 20/barrel we are all in trouble
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Expert
Posts: 1561
| HAHHHAAA!!!!
Now America NEEDS high fuel prices! 
Now I understand why we keep electing the same morons over and over. |
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Expert
Posts: 1440
Location: Texas | NJJ - 2015-01-31 11:53 AM
barrelbasher - 2015-01-31 10:27 AM getacheck - 2015-01-26 8:07 PM I've seen many people many great money in the oilfield industry and I'm very happy for them, I think (maybe wrong), but they are independent contractors and in my opinion they should be putting money back for the ups and downs of the industry and their future. I see so many that have made great money and they are spending as fast as its coming in. My husband and I work hard for our money, we are planning for the future and stashing money back, I look forward to not having to work for my golden years. So many people suffered when gas was almost $4/gallon, I often wondered how low income and teenagers were able to fill their vehicles up to get to school or work. Most people who work in oil patch are NOT independent contractors. Most as hard working people who work directly for the company. As far as suggesting that oilfield workers don't work hard for their money is absolutely absurd. Yes my husband makes good money but her also works 80 to 100 hours per week and usually 2 weeks at at time. Sometimes he would work 24 to 48 hours straight if needed so I would not consider that easy money. Most of these men work away from their homes and family for weeks at a time to provide for their families so their wives can stay home with thir kids and if they get laid off that is their entire income. Yes some have squandered their $$ away but that is not the majority of people. No one is saying that they want $4 gallon diesel but if so may people lose their jobs due to lay offs and can't find other gainful employment they will depend on the government for support and they will lose houses and vehicle etc which will then make lending and other things more difficult for the average person. I have to admit i to am liking the lover cost of fuel but am extremely worried for the welfare and being of so many people who will lose jobs. I feel like your commernts are extremely insensitive and based on a lack of knowledge of the oilfield industry
Actually yes I did.... I feel for any industry that has layoffs. Just like I worried about my industry of medical capital equipment sales and the down turn that was created with the scare of over Obamacare and hospitals holding onto all of their $$ because they were so afraid of what was going to happen. For one of the few times ever I saw hospitals actually lay off people to make more wiggle room. I hate seeing lay offs in mass in any industry. I am not saying that we NEED high fuel prices, but the Saudis are cutting our throats as well as the Russians. Anyone who doesn't think this will have larger global implications is just naive |
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Semper Fi
Location: North Texas | cheryl makofka - 2015-01-31 12:48 PM NJJ - 2015-01-31 11:53 AM barrelbasher - 2015-01-31 10:27 AM getacheck - 2015-01-26 8:07 PM I've seen many people many great money in the oilfield industry and I'm very happy for them, I think (maybe wrong), but they are independent contractors and in my opinion they should be putting money back for the ups and downs of the industry and their future. I see so many that have made great money and they are spending as fast as its coming in. My husband and I work hard for our money, we are planning for the future and stashing money back, I look forward to not having to work for my golden years. So many people suffered when gas was almost $4/gallon, I often wondered how low income and teenagers were able to fill their vehicles up to get to school or work. Most people who work in oil patch are NOT independent contractors. Most as hard working people who work directly for the company. As far as suggesting that oilfield workers don't work hard for their money is absolutely absurd. Yes my husband makes good money but her also works 80 to 100 hours per week and usually 2 weeks at at time. Sometimes he would work 24 to 48 hours straight if needed so I would not consider that easy money. Most of these men work away from their homes and family for weeks at a time to provide for their families so their wives can stay home with thir kids and if they get laid off that is their entire income. Yes some have squandered their $$ away but that is not the majority of people. No one is saying that they want $4 gallon diesel but if so may people lose their jobs due to lay offs and can't find other gainful employment they will depend on the government for support and they will lose houses and vehicle etc which will then make lending and other things more difficult for the average person. I have to admit i to am liking the lover cost of fuel but am extremely worried for the welfare and being of so many people who will lose jobs. I feel like your commernts are extremely insensitive and based on a lack of knowledge of the oilfield industry No I didn't as there was an excess of jobs available in other companies, yes mostly tied to oilfield. I am worried now as governments depend on oil revenues and it is said thst OPEC will let the oil drop to 20/barrel to make the smaller companies to go belly up. If this occurs, there will be minimal exports, minimal income coming in, more debt, more unemployment, and the government will not sustain their budget go into debt even more, and this will be a hole USA will not be able to get out of as USA already has a high debt and deficit. If OPEC allows prices to fall to 20/barrel we are all in trouble
The major difference this time around is the Oil Producers are much much better shape. Paid for equipment, leases on option. Just labor to worry about....................The Oil Producers WILL ride this One out and come back stronger!
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Chasin my Dream
Posts: 13651
Location: Alberta | getacheck - 2015-01-26 7:07 PM I've seen many people many great money in the oilfield industry and I'm very happy for them, I think (maybe wrong), but they are independent contractors and in my opinion they should be putting money back for the ups and downs of the industry and their future. I see so many that have made great money and they are spending as fast as its coming in. My husband and I work hard for our money, we are planning for the future and stashing money back, I look forward to not having to work for my golden years. So many people suffered when gas was almost $4/gallon, I often wondered how low income and teenagers were able to fill their vehicles up to get to school or work.
As mentioned oilfield is contractors and employees, oilfield people sacrifice a lot to make the good money (if you've never lived it you'd never even grasp it all) AND WORK HARD TOO. Yes some spend it and don't save others try their best to save and some are catching up from the last drop in oil. Contractors don't have the luxury of employee benefits or most times even being provided paid supplies...business cost money regardless of the industry they are in....regardless of the price of oil a job in the oilfield is never a guaranteed thing...
Edited by dream_chaser 2015-01-31 10:16 PM
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 Nicknameless
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Location: I can see the end of the world from here! | Itsme - 2015-01-31 12:00 PM HAHHHAAA!!!! Now America NEEDS high fuel prices! Now I understand why we keep electing the same morons over and over.
To cover the cost of producing it (taxes, EPA...now the staes raising the fuel taxes cuz they squandered the monies that should have been put aside for roads & bridges). Yeah, it'll go up. Hang on to your britches and/or keep the vaseline handy... |
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Nicknameless
Posts: 4565
Location: I can see the end of the world from here! | I recall when oil was down to $8 a barrel...in the early 90's...we own a small oil field (very small!) and all I can say is when oil went up it was sure nice to finally be able to afford the maintenance & upgrades that were much needed & had been put on the back burner for so long...thankfully we don't have all our eggs in one basket. The costs associated with the oil & gas industry is astonomical & utter nonsense. People sure do like the convenience of driving up to a pump that offers the opportunity to express their paid privilege to travel, though.
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Expert
Posts: 1561
| musikmaker - 2015-01-31 11:02 PM
Itsme - 2015-01-31 12:00 PM HAHHHAAA!!!! Now America NEEDS high fuel prices! Now I understand why we keep electing the same morons over and over.
FACT |
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Semper Fi
Location: North Texas | The main reason The Feds desire High Fuel Prices is the Tax Revenue, Hence since fuel prices have dropped there has been noise made Politicans to raise the fuel tax to offset Government's Loss of Revenue. I could care about Government's Revenue! I already pay more 'n my share of Taxes cause I work for a living!
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 Party Gal
Posts: 3432
Location: fun meter pegged OK | Clay, since the feds have a set rate rather than a percentage rate of tax on a gal. of gas; how are they loosing money. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. So no matter what we pay at the pump we're still paying the same tax (same with state tax) What hurt the FEDS is the fuel efficient vehicles that get better gas milage. Just food for thought. |
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Semper Fi
Location: North Texas | yankeeredneck - 2015-02-01 6:27 AM Clay, since the feds have a set rate rather than a percentage rate of tax on a gal. of gas; how are they loosing money. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. So no matter what we pay at the pump we're still paying the same tax (same with state tax) What hurt the FEDS is the fuel efficient vehicles that get better gas milage. Just food for thought.
You just answered your own question: Fuel efficent vehicles. To include CNG Over the road trucks. This is one of the biggest losses of revenue for the Feds. |
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Nicknameless
Posts: 4565
Location: I can see the end of the world from here! | foundation horse - 2015-02-01 5:46 AM yankeeredneck - 2015-02-01 6:27 AM Clay, since the feds have a set rate rather than a percentage rate of tax on a gal. of gas; how are they loosing money. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. So no matter what we pay at the pump we're still paying the same tax (same with state tax) What hurt the FEDS is the fuel efficient vehicles that get better gas milage. Just food for thought. You just answered your own question: Fuel efficent vehicles. To include CNG Over the road trucks. This is one of the biggest losses of revenue for the Feds.
Our national government was never intended to be in the business of accumulating revenue other than what is absolutely necessary to keep it running. That's why we no longer collect an import/export tax...that was the only means of revenue at one time, then they got 'smart' and added an excise tax to garner revenue from alcohol sales...Oh gosh...it's a web of deceipt & manipulation that goes way back. We've become accustomed to and even expect the gov't to provide things that we used to provide for ourselves...we're on the other side now (the slippery slope) with no way to stop.
During the 1930's a tax was implimented to build dams, bridges & roads...this tax was to be temporary. Of course it wasn't. However, the revenue was not 'saved' for maintenance or repairs (only states can have a rainy day fund) who knows what happened to it...this is the one thing that has so far prevented us from becoming a country 'ruled' by the fed...they simply do not have the authority or power to 'collect revenue with no purpose'. It must be earmarked. That's precisley what's wrong with social security...why the very money that is taken from our paychecks is not put in a safe place...it must be spent!
So now...here we are...the fuel tax was never dropped...yet, it wasn't earmarked for maintenance/repair either...now they must add another tax because they are terrible managers & it's not in their job description anyhow!
Let the states handle it...without the states we are not the United States of America.
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Party Gal
Posts: 3432
Location: fun meter pegged OK | foundation horse - 2015-02-01 5:35 AM The main reason The Feds desire High Fuel Prices is the Tax Revenue, Hence since fuel prices have dropped there has been noise made Politicans to raise the fuel tax to offset Government's Loss of Revenue. I could care about Government's Revenue! I already pay more 'n my share of Taxes cause I work for a living!
It was not a ?; it was as statement of fact. Misunderstood the meaning of what you wrote. Sorry. |
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | yankeeredneck - 2015-02-01 9:17 AM foundation horse - 2015-02-01 5:35 AM The main reason The Feds desire High Fuel Prices is the Tax Revenue, Hence since fuel prices have dropped there has been noise made Politicans to raise the fuel tax to offset Government's Loss of Revenue. I could care about Government's Revenue! I already pay more 'n my share of Taxes cause I work for a living!
It was not a ?; it was as statement of fact. Misunderstood the meaning of what you wrote. Sorry.
Actually, I don't think you misunderstood....even with fuel efficient vehicles, the Feds will not be losing money....With lower prices MORE fuel is being purchased.....However, my state wants to raise the state tax on fuel just because of that reason....they see more fuel being sold and they want MORE money..... |
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Nicknameless
Posts: 4565
Location: I can see the end of the world from here! | NJJ - 2015-02-01 8:30 AM yankeeredneck - 2015-02-01 9:17 AM foundation horse - 2015-02-01 5:35 AM The main reason The Feds desire High Fuel Prices is the Tax Revenue, Hence since fuel prices have dropped there has been noise made Politicans to raise the fuel tax to offset Government's Loss of Revenue. I could care about Government's Revenue! I already pay more 'n my share of Taxes cause I work for a living!
It was not a ?; it was as statement of fact. Misunderstood the meaning of what you wrote. Sorry.
Does it make you as sick as it does me? Lol.
When our elected officials become greedy...with our money...it's a sickness.
I often wonder how we got into this mess & one reason being the communities, cities, counties...states...started hiring and electing 'grant writers' to bring money in...the political promises that they made good on (unfortunately). It created a need & a justification for the fed to continue to collect & raise taxes, afterall, the bulk of it goes back to the states & communities! Job security. A can of worms.
I sure wish we had the guts & fortitude to refuse the hush money that's destroying our country.
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Expert
Posts: 1561
| Welcome to the "mileage tax". |
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | musikmaker - 2015-02-01 9:39 AM NJJ - 2015-02-01 8:30 AM yankeeredneck - 2015-02-01 9:17 AM foundation horse - 2015-02-01 5:35 AM The main reason The Feds desire High Fuel Prices is the Tax Revenue, Hence since fuel prices have dropped there has been noise made Politicans to raise the fuel tax to offset Government's Loss of Revenue. I could care about Government's Revenue! I already pay more 'n my share of Taxes cause I work for a living!
It was not a ?; it was as statement of fact. Misunderstood the meaning of what you wrote. Sorry.
When our elected officials become greedy...with our money...it's a sickness.
I often wonder how we got into this mess & one reason being the communities, cities, counties...states...started hiring and electing 'grant writers' to bring money in...the political promises that they made good on (unfortunately). It created a need & a justification for the fed to continue to collect & raise taxes, afterall, the bulk of it goes back to the states & communities! Job security. A can of worms.
I sure wish we had the guts & fortitude to refuse the hush money that's destroying our country.
IMO, the biggest problem in Congress is that all kinds of "pork barrel" funding is added to just about every bill that goes through committee......there is money tacked on here and there for every kind of "cause" the sponsors of the bill want to fund for their state....... |
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Party Gal
Posts: 3432
Location: fun meter pegged OK | It's called buying votes  |
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Semper Fi
Location: North Texas | Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax".
Not happening. That is one thing the American Public will not accept.
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 I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | I just saw on FB that the oil workers in Houston and across the US went on strike. |
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 Dog Resuce Agent
Posts: 3459
Location: southeast Texas | Nevertooold - 2015-02-01 2:57 PM I just saw on FB that the oil workers in Houston and across the US went on strike.
USW Calls for Work Stoppage at Nine Oil Refineries,
LyondellBasell in Houston, TX;
Marathon Galveston Bay Refinery in Texas City, TX;
Marathon Houston Green Cogeneration facility, Texas City, TX;
Marathon Refinery, Catlettsburg, Ky;
Shell Deer Park Refinery, Deer Park, TX;
Shell Deer Park Chemical Plant, Deer Park, TX;
Tesoro Anacortes Refinery, Anacortes, Wash.;
Tesoro Martinez Refinery, Martinez, Calif.; and
Tesoro Carson Refinery, Carson, Calif. |
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 Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | Nevertooold - 2015-02-01 2:57 PM I just saw on FB that the oil workers in Houston and across the US went on strike.
Why? |
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Extreme Veteran
Posts: 464
| Friend of mine is involved in that strike. He was explaining why, and I couldn't follow it at all. Be plenty of scabs to take his place though. |
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Tried and True
Posts: 21185
Location: Where I am happiest | It's the steel workers who are striking.
http://abc13.com/news/oil-workers-on-strike-in-houston-and-across-us/499708/
Edited by ThreeCorners 2015-02-01 6:40 PM
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Semper Fi
Location: North Texas |
True. Tis the United Steel Workers Union striking against The Oil & Gas Industry NOT The Oil & Gas Refinery/Production Employees. Also, I am not aware of any Unionized Oil Field Hands. |
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | USW Spokeswoman Lynne Hancock said the union wants a three-year contract and is focused on health care costs, safety, the use of contractors and staffing concerns, as well as wages. |
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Semper Fi
Location: North Texas | Saw a blurb yesterday where Oil Prices are 'up' world wide and attributed to U.S. Production Cutbacks. Anyway Diesel is up about 8cents here. At the least expensive fuel stop I mentioned. It is now $2.36.9 |
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Veteran
Posts: 229
Location: Montana | foundation horse - 2015-01-26 11:43 AM
As far as the 'why' for this current down turn...........Saudia Arabia is attempting to crush the U.S. Oil Field by releasing a surplus of its stored oil into the market. Even with their recent change in Leadership last week, this still holds true. It is a basic principle of Economics. Supply and Demand, the supply is currently greater than the demand, so therefore prices are lower. However, from what I understand many OF Outfits are much better position this time around than previous downturns.
I believe you will find they are actually after the Russians, the crash of the American oil fields is just a side effect. |
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Semper Fi
Location: North Texas | runsupport - 2015-02-03 10:00 AM foundation horse - 2015-01-26 11:43 AM As far as the 'why' for this current down turn...........Saudia Arabia is attempting to crush the U.S. Oil Field by releasing a surplus of its stored oil into the market. Even with their recent change in Leadership last week, this still holds true. It is a basic principle of Economics. Supply and Demand, the supply is currently greater than the demand, so therefore prices are lower. However, from what I understand many OF Outfits are much better position this time around than previous downturns.
I believe you will find they are actually after the Russians, the crash of the American oil fields is just a side effect.
'I' have always operated under the pretense that the Saudis "liked" the Russians more than Americans due to American Culture 'infecting' Saudi Arabia and createing a taste for freedom that The Ruling Family is terrified of. |
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The Advice Guru
Posts: 6419
| runsupport - 2015-02-03 10:00 AM
foundation horse - 2015-01-26 11:43 AM
As far as the 'why' for this current down turn...........Saudia Arabia is attempting to crush the U.S. Oil Field by releasing a surplus of its stored oil into the market. Even with their recent change in Leadership last week, this still holds true. It is a basic principle of Economics. Supply and Demand, the supply is currently greater than the demand, so therefore prices are lower. However, from what I understand many OF Outfits are much better position this time around than previous downturns.
I believe you will find they are actually after the Russians, the crash of the American oil fields is just a side effect.
My understanding was this was directed at Obama as he thought he could play with the big boys, and OPEC said no.
The rumor I am terrified about is OPEC is now saying oil will make 200/barrel next yr.
All I want is a happy medium |
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Expert
Posts: 1857
| foundation horse - 2015-02-01 1:52 PM
Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax".
Not happening. That is one thing the American Public will not accept.
Isn't that what IFTA is for fleets? They are suppose to use it to maintain roads but.... |
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Semper Fi
Location: North Texas | FlyingJT - 2015-02-03 11:25 AM foundation horse - 2015-02-01 1:52 PM Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax". Not happening. That is one thing the American Public will not accept.
Isn't that what IFTA is for fleets? They are suppose to use it to maintain roads but....
Please elaborate.
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Tried and True
Posts: 21185
Location: Where I am happiest | cheryl makofka - 2015-02-03 11:07 AM runsupport - 2015-02-03 10:00 AM foundation horse - 2015-01-26 11:43 AM As far as the 'why' for this current down turn...........Saudia Arabia is attempting to crush the U.S. Oil Field by releasing a surplus of its stored oil into the market. Even with their recent change in Leadership last week, this still holds true. It is a basic principle of Economics. Supply and Demand, the supply is currently greater than the demand, so therefore prices are lower. However, from what I understand many OF Outfits are much better position this time around than previous downturns.
I believe you will find they are actually after the Russians, the crash of the American oil fields is just a side effect. My understanding was this was directed at Obama as he thought he could play with the big boys, and OPEC said no. The rumor I am terrified about is OPEC is now saying oil will make 200/barrel next yr. All I want is a happy medium
Oh good gravy I sure hope not!! Many many will go under at that price. Do you remimber when diesel hit $5 a gallon? |
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Expert
Posts: 1857
| foundation horse - 2015-02-03 1:58 PM
FlyingJT - 2015-02-03 11:25 AM foundation horse - 2015-02-01 1:52 PM Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax". Not happening. That is one thing the American Public will not accept.
Isn't that what IFTA is for fleets? They are suppose to use it to maintain roads but....
International Fuel Tax Association
Commercial fleets pay a tax based on average fuel mileage applied to the miles driven which determines the tax owed to each state. I think the current annual rate is 5%. Every time they buy fuel they log it and then they are taxed on how many miles the drove with that tank through each state. I'm not sure exactly how it works, but I think it's basically a "mileage tax", but only for large vehicles... for now at least.
I wonder if they will try to make it apply to those of use pulling trailers. Anything over 2 axles. I mean that would suck to have to buy a permit to haul to rodeos or haul horses and cattle. Oklahoma has exempt farm tags from the tax.
They are suppose to use that money to repair bridges, roads, etc. |
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Semper Fi
Location: North Texas | FlyingJT - 2015-02-03 2:20 PM foundation horse - 2015-02-03 1:58 PM FlyingJT - 2015-02-03 11:25 AM foundation horse - 2015-02-01 1:52 PM Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax". Not happening. That is one thing the American Public will not accept.
Isn't that what IFTA is for fleets? They are suppose to use it to maintain roads but.... International Fuel Tax Association Commercial fleets pay a tax based on average fuel mileage applied to the miles driven which determines the tax owed to each state. I think the current annual rate is 5%. Every time they buy fuel they log it and then they are taxed on how many miles the drove with that tank through each state. I'm not sure exactly how it works, but I think it's basically a "mileage tax", but only for large vehicles... for now at least. I wonder if they will try to make it apply to those of use pulling trailers. Anything over 2 axles. I mean that would suck to have to buy a permit to haul to rodeos or haul horses and cattle. Oklahoma has exempt farm tags from the tax. They are suppose to use that money to repair bridges, roads, etc.
What part of Interstate Commerce Commission does "international" have authority to tax anything?!
The ICC and taxes are Constitutional for NATIONAL Use/Collection Only!!!!!!!!!!!!!
Again, when this type of News reaches The American Public, Government is screwed!
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Extreme Veteran
Posts: 356
| foundation horse - 2015-02-03 2:56 PM
FlyingJT - 2015-02-03 2:20 PM foundation horse - 2015-02-03 1:58 PM FlyingJT - 2015-02-03 11:25 AM foundation horse - 2015-02-01 1:52 PM Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax". Not happening. That is one thing the American Public will not accept.
Isn't that what IFTA is for fleets? They are suppose to use it to maintain roads but.... International Fuel Tax Association Commercial fleets pay a tax based on average fuel mileage applied to the miles driven which determines the tax owed to each state. I think the current annual rate is 5%. Every time they buy fuel they log it and then they are taxed on how many miles the drove with that tank through each state. I'm not sure exactly how it works, but I think it's basically a "mileage tax", but only for large vehicles... for now at least. I wonder if they will try to make it apply to those of use pulling trailers. Anything over 2 axles. I mean that would suck to have to buy a permit to haul to rodeos or haul horses and cattle. Oklahoma has exempt farm tags from the tax. They are suppose to use that money to repair bridges, roads, etc.
The ICC and taxes are Constitutional for NATIONAL Use/Collection Only!!!!!!!!!!!!!
Again, when this type of News reaches The American Public, Government is screwed!
The International Fuel Tax Agreement (or IFTA) is an agreement between the lower 48 states of the United States and the Canadian provinces, to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction. Alaska, Hawaii, and the Canadian territories do not participate. An operating carrier with IFTA receives an IFTA license and two decals for each qualifying vehicle it operates. The carrier files a quarterly fuel tax report. This report is used to determine the net tax or refund due and to redistribute taxes from collecting states to states that it is due.
This tax is required for motor vehicles used, designed, or maintained for transportation of persons or property and:
Having two axles and a gross vehicle weight rating or registered gross vehicle weight in excess of 26,000 pounds, and/or
Having three or more axles regardless of weight, and/or
Is used in combination, when the weight of such combination exceeds 26,000 pounds gross vehicle or registered gross vehicle weight.[1]
Exceptions exist for Recreational Vehicles (such as motor homes, pickup trucks with attached campers, and buses when used exclusively for personal pleasure by an individual)[2]. Some states have their own exemptions [3] that often apply to farm vehicles or government vehicles. |
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | k.maddocks24 - 2015-02-03 4:38 PM foundation horse - 2015-02-03 2:56 PM FlyingJT - 2015-02-03 2:20 PM foundation horse - 2015-02-03 1:58 PM FlyingJT - 2015-02-03 11:25 AM foundation horse - 2015-02-01 1:52 PM Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax". Not happening. That is one thing the American Public will not accept. Isn't that what IFTA is for fleets? They are suppose to use it to maintain roads but.... International Fuel Tax Association Commercial fleets pay a tax based on average fuel mileage applied to the miles driven which determines the tax owed to each state. I think the current annual rate is 5%. Every time they buy fuel they log it and then they are taxed on how many miles the drove with that tank through each state. I'm not sure exactly how it works, but I think it's basically a "mileage tax", but only for large vehicles... for now at least. I wonder if they will try to make it apply to those of use pulling trailers. Anything over 2 axles. I mean that would suck to have to buy a permit to haul to rodeos or haul horses and cattle. Oklahoma has exempt farm tags from the tax. They are suppose to use that money to repair bridges, roads, etc.
The ICC and taxes are Constitutional for NATIONAL Use/Collection Only!!!!!!!!!!!!!
Again, when this type of News reaches The American Public, Government is screwed! The International Fuel Tax Agreement (or IFTA ) is an agreement between the lower 48 states of the United States and the Canadian provinces, to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction. Alaska, Hawaii, and the Canadian territories do not participate. An operating carrier with IFTA receives an IFTA license and two decals for each qualifying vehicle it operates. The carrier files a quarterly fuel tax report. This report is used to determine the net tax or refund due and to redistribute taxes from collecting states to states that it is due. This tax is required for motor vehicles used, designed, or maintained for transportation of persons or property and: Having two axles and a gross vehicle weight rating or registered gross vehicle weight in excess of 26,000 pounds, and/or Having three or more axles regardless of weight, and/or Is used in combination, when the weight of such combination exceeds 26,000 pounds gross vehicle or registered gross vehicle weight.[1] Exceptions exist for Recreational Vehicles (such as motor homes, pickup trucks with attached campers, and buses when used exclusively for personal pleasure by an individual )[2]. Some states have their own exemptions [3] that often apply to farm vehicles or government vehicles.
Edited by NJJ 2015-02-03 4:47 PM
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Expert
Posts: 1857
| NJJ - 2015-02-03 4:46 PM k.maddocks24 - 2015-02-03 4:38 PM foundation horse - 2015-02-03 2:56 PM FlyingJT - 2015-02-03 2:20 PM foundation horse - 2015-02-03 1:58 PM FlyingJT - 2015-02-03 11:25 AM foundation horse - 2015-02-01 1:52 PM Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax". Not happening. That is one thing the American Public will not accept. Isn't that what IFTA is for fleets? They are suppose to use it to maintain roads but.... International Fuel Tax Association Commercial fleets pay a tax based on average fuel mileage applied to the miles driven which determines the tax owed to each state. I think the current annual rate is 5%. Every time they buy fuel they log it and then they are taxed on how many miles the drove with that tank through each state. I'm not sure exactly how it works, but I think it's basically a "mileage tax", but only for large vehicles... for now at least. I wonder if they will try to make it apply to those of use pulling trailers. Anything over 2 axles. I mean that would suck to have to buy a permit to haul to rodeos or haul horses and cattle. Oklahoma has exempt farm tags from the tax. They are suppose to use that money to repair bridges, roads, etc.
The ICC and taxes are Constitutional for NATIONAL Use/Collection Only!!!!!!!!!!!!!
Again, when this type of News reaches The American Public, Government is screwed! The International Fuel Tax Agreement (or IFTA ) is an agreement between the lower 48 states of the United States and the Canadian provinces, to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction. Alaska, Hawaii, and the Canadian territories do not participate. An operating carrier with IFTA receives an IFTA license and two decals for each qualifying vehicle it operates. The carrier files a quarterly fuel tax report. This report is used to determine the net tax or refund due and to redistribute taxes from collecting states to states that it is due. This tax is required for motor vehicles used, designed, or maintained for transportation of persons or property and: Having two axles and a gross vehicle weight rating or registered gross vehicle weight in excess of 26,000 pounds, and/or Having three or more axles regardless of weight, and/or Is used in combination, when the weight of such combination exceeds 26,000 pounds gross vehicle or registered gross vehicle weight.[1] Exceptions exist for Recreational Vehicles (such as motor homes, pickup trucks with attached campers, and buses when used exclusively for personal pleasure by an individual )[2]. Some states have their own exemptions [3] that often apply to farm vehicles or government vehicles.
I worked for a large oilfield, hot shot company, that traveled nation wide thats how I knew about it. When you have a lot of drivers it's an absolute nightmare to track, it also gets very expensive by the time you pay for your permits for every truck and trailer, then file you qrt returns. The mileage tax is already in effect, it's just a matter of time before they start re-classifying what types of vehicles it applies too.
Edited by FlyingJT 2015-02-03 4:55 PM
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | Regular gas has gone up from $1.72 to $1.89 since last week. |
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 Expert
Posts: 4121
Location: SE Louisiana | FlyingJT - 2015-02-03 4:54 PM
NJJ - 2015-02-03 4:46 PM k.maddocks24 - 2015-02-03 4:38 PM foundation horse - 2015-02-03 2:56 PM FlyingJT - 2015-02-03 2:20 PM foundation horse - 2015-02-03 1:58 PM FlyingJT - 2015-02-03 11:25 AM foundation horse - 2015-02-01 1:52 PM Itsme - 2015-02-01 9:43 AM Welcome to the "mileage tax". Not happening. That is one thing the American Public will not accept. Isn't that what IFTA is for fleets? They are suppose to use it to maintain roads but.... International Fuel Tax Association Commercial fleets pay a tax based on average fuel mileage applied to the miles driven which determines the tax owed to each state. I think the current annual rate is 5%. Every time they buy fuel they log it and then they are taxed on how many miles the drove with that tank through each state. I'm not sure exactly how it works, but I think it's basically a "mileage tax", but only for large vehicles... for now at least. I wonder if they will try to make it apply to those of use pulling trailers. Anything over 2 axles. I mean that would suck to have to buy a permit to haul to rodeos or haul horses and cattle. Oklahoma has exempt farm tags from the tax. They are suppose to use that money to repair bridges, roads, etc.
The ICC and taxes are Constitutional for NATIONAL Use/Collection Only!!!!!!!!!!!!!
Again, when this type of News reaches The American Public, Government is screwed! The International Fuel Tax Agreement (or IFTA ) is an agreement between the lower 48 states of the United States and the Canadian provinces, to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction. Alaska, Hawaii, and the Canadian territories do not participate. An operating carrier with IFTA receives an IFTA license and two decals for each qualifying vehicle it operates. The carrier files a quarterly fuel tax report. This report is used to determine the net tax or refund due and to redistribute taxes from collecting states to states that it is due. This tax is required for motor vehicles used, designed, or maintained for transportation of persons or property and: Having two axles and a gross vehicle weight rating or registered gross vehicle weight in excess of 26,000 pounds, and/or Having three or more axles regardless of weight, and/or Is used in combination, when the weight of such combination exceeds 26,000 pounds gross vehicle or registered gross vehicle weight.[1] Exceptions exist for Recreational Vehicles (such as motor homes, pickup trucks with attached campers, and buses when used exclusively for personal pleasure by an individual )[2]. Some states have their own exemptions [3] that often apply to farm vehicles or government vehicles. I worked for a large oilfield, hot shot company, that traveled nation wide thats how I knew about it. When you have a lot of drivers it's an absolute nightmare to track, it also gets very expensive by the time you pay for your permits for every truck and trailer, then file you qrt returns. The mileage tax is already in effect, it's just a matter of time before they start re-classifying what types of vehicles it applies too.
I can understand this... A truck weighing 80,000 pounds does much more damage to a roadway than a truck weighing 5,000 pounds. |
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 Ms. Poutability
Posts: 2362
Location: In my own world | They also pay a Heavy Use tax. But you only pay that to the state you are licensed in. It's $550 here in MO |
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Dog Resuce Agent
Posts: 3459
Location: southeast Texas | Nevertooold - 2015-02-03 4:54 PM Regular gas has gone up from $1.72 to $1.89 since last week. . I have no facts to back this up.
Coincidence or not. Three years ago when USW contracts were up (oil refinery industry) the company I work for recorded losses. In previous years and years after, record profits.
This year, several weeks before contracts, fuel prices dip sharply. The day after USW went on strike, in selected plants, fuel prices are rising again.
Just throwing this out there.....
Edited by roxieannie 2015-02-04 10:17 AM
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Who works in the oilfield industry??