Hey Oilfield Guys!!

[bdog14]

Yup, an oilfield worker makes 3 x what a govt employee makes. Meaning they have 15-20x the purchasing power(disposable income)...and these people SPEND as OP suggested. So you could argue that an oilfield job lost has that multiple effect on employment numbers. Texas, OK, LA, ND and even some midwestern states are in for some real pain unfortunately....especially if we go below $60 for an extended period. One of my main businesses is affected by this, so I may be looking through gray colored glasses, but I don't think so...

[1369]

Interesting article on estimated "breakeven costs" for various plays.

[Maddox]

Hey Oilfield Guys!!

My wife and I are both Geoscientist. We made the decision today to put off building a pool for another year because of the current trend in declining oil prices.

[RiverRat1]

Time for someone to put the smack down on the Saudis. And Opec for siding with them.

[kyle1974]

My wife and I are both Geoscientist. We made the decision today to put off building a pool for another year because of the current trend in declining oil prices.

I wonder if that guy that builds pools thinks the oil prices effect his business?

[Skinny]

I wonder if that guy that builds pools thinks the oil prices effect his business?

Nope. He stays busy enough building pools for the people that own mineral rights on those big south Texas wells.

[JSAPP]

I wonder if that guy that builds pools thinks the oil prices effect his business?

I can tell you that most small business owners around houston are not very excited about the lower gas prices at the pump. It's going to cost them a lot more than it saves them.

[kch73]

I hate seeing this but we are overdue for some trouble here in Texas...I hope the oil industry workers have saved some scratch for a rainy day...

[bdog14]

Time for someone to put the smack down on the Saudis. And Opec for siding with them.

Time for a drone accident in Riyadh...

[100%TtId]

EOG closed an office in Calgary. Laid off 150.

[kyle1974]

Nope. He stays busy enough building pools for the people that own mineral rights on those big south Texas wells.

they got their money 2-4 years ago... they already built their pools.

not to mention, there are probably 1:55000 mineral rights holder to oilfield worker.

[Skinny]

they got their money 2-4 years ago... they already built their pools.

not to mention, there are probably 1:55000 mineral rights holder to oilfield worker.

I am willing to bet that 99 percent of oilfield workers that are making the big bank aren't thinking about having a pool built at home considering they are there less than they are at work. Lol.

[BrianL]

I am willing to bet that 99 percent of oilfield workers that are making the big bank aren't thinking about having a pool built at home considering they are there less than they are at work. Lol.

I bet more dancing girls will notice than pool builders.

[Skinny]

I bet more dancing girls will notice than pool builders.

My point exactly!!!!

[txjustin]

EOG closed an office in Calgary. Laid off 150.

They are selling their Canadian assets.