Originally posted by Landrover
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Originally posted by JMalin View PostI do. But I'm not self absorbed enough to wish for others to pay higher prices for energy so I can continue working in this industry. There are always other opportunities.
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What you don't see is that when the price of oil is at a sustainable price point it employs millions. Truck drivers, machine shops, rope soap and beans dealers, construction, home sales, etc. When we stop working we stop buying from those people and they start laying off. Oklahoma and Texas in the mid 80's were skeletons of what they were in the 70's. There is a huge interdependence in the oil producing states on the oil industry and other industries.
But, you can enjoy your cheap gas while it lasts
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Originally posted by M16 View PostTrue to a certain extent. But you have to make a decent amount of money to be able to save. So you need to make enough to keep some.
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Originally posted by asttbe View PostWhat you don't see is that when the price of oil is at a sustainable price point it employs millions. Truck drivers, machine shops, rope soap and beans dealers, construction, home sales, etc. When we stop working we stop buying from those people and they start laying off. Oklahoma and Texas in the mid 80's were skeletons of what they were in the 70's. There is a huge interdependence in the oil producing states on the oil industry and other industries.
But, you can enjoy your cheap gas while it lastsLast edited by JMalin; 11-30-2014, 01:26 PM.
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Originally posted by JMalin View PostJust give me two good years to get ahead and figure out what I really want to do with my life lol. I don't foresee cheap oil any time soon with America's addiction to spending/debt along with reckless monetary policy, but who knows? Maybe all the production going on will finally catch up and a glut of supply will bring prices down.
So, if I do want to make a career in the oil patch, what are some jobs that'll be around regardless if prices fall?
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Originally posted by Sackett View PostOil prices are not driven by American spending nor monetary policy. Respectfully, just sit back and listen to the people who've been there. Learn from history and from what is yet to come.
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Originally posted by JMalin View PostThat's laughable! So 20% interest rates of the 80's had nothing to do with oil's crash?
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Originally posted by JMalin View PostThat's laughable! So 20% interest rates of the 80's had nothing to do with oil's crash?
I buy about 50,000 gallons of diesel every month. While I'd love to pay less for it, I don't want to pay $2/gal for diesel for only 5,000 gallons due to the fact that there is no development on which to burn 50,000 gal of diesel. My guys saving money on gas doesn't really help them if they don't need gas to drive to work, because they don't have a job.
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In 2011 oil and gas contributed 1,938,700 jobs and 20% of the workforce income to the state of Texas alone.
Thinking a bust in the oilfield will not effect every day life of people in the state not associated with the industry is the very definition of naïveté.
The high school football stadiums in Katy and Cy-Fair school districts will go away, just for example. There won't be the tax revenue to support them.
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