Anyone else hoping gas prices rise again?

[Neil09]

You know how there are people that are ignorant of LEO and think they know LEO work better than them? Yeah, you're that guy right now.

 

[doc ace]

Many in the oil industry still make more than I ever did in the Marines. I went to war for your industry and got paid chump change. I do not ever recall getting a military discount at the pump. It is hard to feel sorry for an industry that has stepped on my neck for so long.

I served in the Army, went to war for my Brothers to my left and right, and came home, got my education, and now work for the largest 3rd party oilfield company in the world. We didn't join to get discounts.

In response to OP - Yes I wish the prices would rise somewhat, I passed first round of layoffs haha!!

 

[323MAR]

Ok, I am also a guy who met several contractors overseas who made more money in one year than the entire time I was in the Marines. Perhaps if one of those companies would have hired me, then I would know different.

 

[DAVE_M]

Are you saying that the workers make the decisions for the industry? I thought there were rich executives involved.
You will have to take a break from you hayride. Some of us never had a hayride, so count your blessings. it is not the consumers fault that oil workers spent all their money and did not save for times like this.

Are you serious?

That's like saying it's not the pyromaniac's fault for the homeowner not having enough water to put out a fire.

You know how there are people that are ignorant of LEO and think they know LEO work better than them? Yeah, you're that guy right now.

That's what I'm thinking.

 

[323MAR]

Yes, I have known oil workers who have make a lot of money, but failed to save enough!

 

[DAVE_M]

Yes, I have known oil workers who have make a lot of money, but failed to save enough!

You just put all oil workers in a class of people that don't know how to save money, because you know a few people that blow their money.

I happen to be in the oil industry and don't blow my money. Did I just blow your mind?

 

[Barney88PDC]

Unless you are retired or you live off "the man" I cannot see how you think low oil prices are a "good thing". Anyone who actually has a job and lives in south Louisiana and is HAPPY about low oil prices have blinders on to how the world works no matter what industry you work in. Guess what buddy if you HAVE A JOB it will affect you too, it might just take a little longer.

Oh your a carpenter, who do you think is paying you to build that house.
Oh your a butcher, well 50% of your clientele are no longer buying T-bones and Ribeyes they are on Ramen and Campbell's, get ready for a layoff.
Oh your a teller at a bank, well your bosses / owners are not getting that oilfield money coming in to invest and make interest to pay YOUR salary. Get ready for a layoff.
Oh your a doctor, nurse or dentist, not many people are going to come in for those elective procedures. Get ready for a layoff.
I could go on.

You gripe about the roads (yes I do too and they are ridiculous) and other state infrastructures but do you realized the amount of money that comes into the state coffers from the taxes imposed on the oil industry that supports those programs? If the money doesn't come in from oil taxes then they are just going to tax you and me more out of our check for the shortfall.

Gas is 1.99/gal and everyone cheers but they don't bat an eye at $5/gal of milk or that 20oz bottle of WATER you just bought at the gas station and paid $10-11 DOLLARS/GAL FOR WATER!!!!!! Do the math!

If you think low oil / gas prices in south Louisiana are a good thing. Push real hard behind your shoulders and listen for the POP!

 

[Neil09]

Unless you are retired or you live off "the man" I cannot see how you think low oil prices are "good thing". Anyone who actually has a job and lives in south Louisiana and is HAPPY about low oil prices have blinders on to how the world works no matter what industry you work in. Guess what buddy if you HAVE A JOB it will affect you too, it might just take a little longer.

Oh your a carpenter, who do you think is paying you to build that house.
Oh your a butcher, well 50% of your clientele are no longer buying T-bones and Ribeyes they are on Ramen and Campbell's, get ready for a layoff.
Oh your a teller at a bank, well your bosses / owners are not getting that oilfield money coming in to invest and make interest to pay YOUR salary. Get ready for a layoff.
Oh your a doctor, nurse or dentist, not many people are going to come in for those elective procedures. Get ready for a layoff.
I could go on.

You gripe about the roads (yes I do too and they are ridiculous) and other state infrastructures but do you realized the amount of money that comes into the state coffers from the oil industry that supports those programs? If the money doesn't come in from oil taxes then they are just going to tax you and me more out of our check for the shortfall.

Gas is 1.99/gal and everyone cheers but they don't bat an eye at $5/gal of milk or that 20oz bottle of WATER you just bought at the gas station and paid $10-11 DOLLARS/GAL FOR WATER!!!!!! Do the math!

If you think low oil / gas in south Louisiana is a good thing. Push real hard behind your shoulders and listen for the POP!

This is where you hit the like button.

 

[whbonney26]

I have friends who work in fields who like or maybe depend on high gas prices. I put a lot of miles on my truck for work and enjoy the low gas prices though. It feels great to be able to fill up my truck for 40.00 instead of 75.00/80.00. That saves me hundreds a month.

 

[Saintsfan6]

If we are relying on one industry for our jobs, we need to rethink our sustainability of our local economy. Not saying the oil field is a bad thing, it's great and I have lots of relatives and friends in the oil industry, but I believe you should consider factors such as fluctuating oil prices when providing for yourself and family. Do I think low gas prices are a bad thing? Not entirely. Do I think low gas prices will impact some areas of local economy? Yes. Do I think Louisiana's economy will crumble if gas prices remained around $2.00/gal for an extended period of time? It will have an impact, sure, but I believe we will and should manage.

Foreign oil providers can undercut our domestic oil prices if they want to. It shouldn't cause our state's entire economy to crash.

Jut my $0.02...

 

[Barney88PDC]

whbonney26,

I don't blame you for feeling happy to keep that $40 in your pocket. For about 2 minutes when I fuel up I feel the same way too but I know it is not really a "good thing" long term. I have no idea what industry you are in and nor is it my business, all I am saying is if oil stays low for all of 2015 let me know if sales were better for your company in 2014 or 2015.

Saintsfan6,

I'm all for new industry to help sure up the economy in other areas. Where I live it is either oil / gas or farming and everything else is a by product of supporting those. If you can come up with a viable new industry to come into the local economy PLEASE do it! Run for public office and try to initiate it with tax incentives or start a business and make a pile of cash. That is the American Dream and I still believe it is possible. It just isn't easy or everyone would be doing it. Really the only "new" industry to come into LA that I know of that has made a good economic impact in the last 10 years, (I'm sure there are others but following these matters is not my forte), is the movie industry that has come into the state due to the movie credits offered by the government. I wish we had more aviation, aerospace, electronics, automobile manufacturing ect.

I've said my piece and I'm out.

 

[A5Mag12]

So some in the oil industry suffer a bit? Why?

Because it's their turn.

 

[Saintsfan6]

Creating new industry in Louisiana would be fantastic, but individually having financial diversity is what I find is more important for individuals and their families. Gas prices will fluctuate. They may go back up in a week or a year, and after that at some point they will drop again. People in the oil field should prepare for the highs and lows of oil prices, it is the nature of the industry.

I do not believe people like nurses, doctors, and farmers will suffer as much as a oil field rig hand when it comes to extended periods of low oil prices.

 

[Barney88PDC]

Creating new industry in Louisiana would be fantastic, but individually having financial diversity is what I find is more important for individuals and their families. Gas prices will fluctuate. They may go back up in a week or a year, and after that at some point they will drop again. People in the oil field should prepare for the highs and lows of oil prices, it is the nature of the industry.

I couldn't agree more. Most financial planners tell you a MINIMUM of 3 months savings in the bank and some say 6. In a highly fluctuating industry they recommend doubling that. I'm trying to get to 12 myself.

 

[A5Mag12]

When I see a laid off oil worker that can't pay for his wife's new import I kinda laugh a little bit.(not really laugh) Reminds me of when Western-Electric went down. All the local news programs were interviewing workers as they left work for the last time many of them crying about all those cheap phones from over seas and how people shouldn't buy them while sitting behind the wheel of a new Toyota.

I don't recall seeing any oil workers chastising other's for buying that new tundra while GM in Shreveport was shutting down.

It's like I said. It's your turn now.

 

[madwabbit]

Hadn't noticed much honestly. I never understood people that got all worked up over the pump. Whatever number is lit up at the top- you'll pay it. Whether it goes up or stays down, I'm indifferent and will adjust accordingly. Frankly there's about a hundred other things I'm more concerned with, and never really paid much attention to it.

 

[pyreaux]

Pretty sure tundras are made in Alabama with more US components than GM truck.

As for all the "evil" oil company comments, I'm pretty sure not many of you would be in a business that only allowed you an 7-10% profit margin on whatever product you made or sold. They may have a "billion dollar year" but a billion dollars is a whole lot different if it took 500billion to make it vs 1 billion.

 

[A5Mag12]

Pretty sure tundras are made in Alabama with more US components than GM truck.

At less than half the wages and benefits of the Big 3 auto company's. So let's cut oil and gas workers pay and benefits by more than half and all will be even. If it's good for one industry it would be just as good for another.

 

[madwabbit]

Pretty sure tundras are made in Alabama with more US components than GM truck.

As for all the "evil" oil company comments, I'm pretty sure not many of you would be in a business that only allowed you an 7-10% profit margin on whatever product you made or sold. They may have a "billion dollar year" but a billion dollars is a whole lot different if it took 500billion to make it vs 1 billion.

umm I'll take 7% all day long with a smile on my face.

 

[Neil09]

Because it's their turn.

I'm sorry if your at a point where a few bucks at the pump ends your suffering. Let me know when it's my turn again. Thanks