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  • Originally posted by The_Tick View Post
    And he is 100% correct.

    For anyone working in oil/gas...there is about to be a bloodbath.
    If this is true my FIL is supremely unlucky. He has been involved with small exploration companies eager to give employees a ton of stock options. The first time he hoarded stock was right around 2007-8, and the crash delayed his plans for early retirement. He is doing the same thing now, where he is comfortable enough with a small salary and the promise of huge dividends right around the corner. I really hope this time his retirement plans don't hinge too much on the near future...
    "...you pointy-headed autopsy nerd. Do you think it's possible for you to post without using words like "hilarious," "absurd," "canard," and "truther"? Your bare assertions do not make it so. Maybe your reasoning is too stunted and your vocabulary is too limited to go without these epithets."
    "You are an intemperate, unscientific poster who makes light of very serious matters.”
    - SeattleUte

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    • I don't live there, but it's around 2.60 in L.A. Oil is trading in the 30s right now. I guess they're having another problem at the refinery!

      unfortunately there's a spillover of SoCal's high prices into Vegas and Southern Utah. In St. George, it's around 2.15. In New York City, 1.90.
      Part of it is based on academic grounds. Among major conferences, the Pac-10 is the best academically, largely because of Stanford, Cal and UCLA. “Colorado is on a par with Oregon,” he said. “Utah isn’t even in the picture.”

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      • Originally posted by The_Tick View Post
        And he is 100% correct.

        For anyone working in oil/gas...there is about to be a bloodbath.
        Yep. I have an interview today with a (gulp) law firm. The pay for Houston firms is great, and there are tons of private equity folks looking to buy low.
        Jesus wants me for a sunbeam.

        "Cog dis is a bitch." -James Patterson

        Comment


        • Originally posted by The_Tick View Post
          And he is 100% correct.

          For anyone working in oil/gas...there is about to be a bloodbath.
          We've already seen most of the bloodbath filter through the oil field service and upstream companies. It's starting to hit refineries now. The only places in energy doing okay seem to be trading firms.

          It's like the perfect storm. skyrocketing production from fracking, China's slowdown, Iranian oil about to hit the market, Saudi Arabias decision to not cut production, etc.
          "Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf

          Comment


          • pretty glad i didn't take a job in houston these days
            Te Occidere Possunt Sed Te Edere Non Possunt Nefas Est.

            Comment


            • Originally posted by Moliere View Post
              We've already seen most of the bloodbath filter through the oil field service and upstream companies. It's starting to hit refineries now. The only places in energy doing okay seem to be trading firms.

              It's like the perfect storm. skyrocketing production from fracking, China's slowdown, Iranian oil about to hit the market, Saudi Arabias decision to not cut production, etc.
              Upstream is about to take a beating. You guys might be in decent shape, but smaller independents are hosed--especially once their hedges are done.

              We are at 2/3ds the employees we were 3 years ago, and my guess is that we will lose another 10% of our 2013 high this year.
              Jesus wants me for a sunbeam.

              "Cog dis is a bitch." -James Patterson

              Comment


              • On the plus side, a lot more fun to drive my gas-guzzling Jeep around.
                "There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
                "It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
                "Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster

                Comment


                • http://www.nytimes.com/2010/12/27/op...n.html?hp&_r=1

                  Part of it is based on academic grounds. Among major conferences, the Pac-10 is the best academically, largely because of Stanford, Cal and UCLA. “Colorado is on a par with Oregon,” he said. “Utah isn’t even in the picture.”

                  Comment


                  • Crude oil doing the dead cat bounce...


                    "If there is one thing I am, it's always right." -Ted Nugent.
                    "I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
                    "Yet I still see wisdom in that which Uncle Ted posts." -creek.
                    GIVE 'EM HELL, BRIGHAM!

                    Comment


                    • All it takes is a little destabilization in the Middle East to make prices soar...
                      "Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf

                      Comment


                      • Originally posted by Moliere View Post
                        All it takes is a little destabilization in the Middle East to make prices soar...
                        "If there is one thing I am, it's always right." -Ted Nugent.
                        "I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
                        "Yet I still see wisdom in that which Uncle Ted posts." -creek.
                        GIVE 'EM HELL, BRIGHAM!

                        Comment


                        • http://www.fox2detroit.com/news/loca...76375172-story

                          "Wuap's "problem" is that he is smart & principled & committed to a moral course of action. His actions are supposed to reflect his ethical code.
                          The rest of us rarely bother to think about our actions." --Solon

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                          • Hovering just above $2 in Harlem. Never thought I'd see sub-$2 gas in Manhattan, but we appear to be almost there. Already well under $2 in northern NJ.

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                            • $1.77
                              "There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
                              "It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
                              "Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster

                              Comment


                              • $1.59

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