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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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