How much is gas where you're at?

[Green Monstah]

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.

[old_gregg]

pretty glad i didn't take a job in houston these days

[Moliere]

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.

[Green Monstah]

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.

[Color Me Badd Fan]

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.

[Northwestcoug]

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...

[The_Tick]

Yeah, but according to Obama, low gas prices are bad because that means the economy sucks.

And he is 100% correct.

For anyone working in oil/gas...there is about to be a bloodbath.

[imanihonjin]

I hope all of you are thanking Obama when you fill up!

Yeah, but according to Obama, low gas prices are bad because that means the economy sucks.

[Northwestcoug]

$1.99

[cougjunkie]

I hope all of you are thanking Obama when you fill up!

[Moliere]

$1.54

[wuapinmon]

$1.68

[DrumNFeather]

$1.60

See...Virginia isn't all bad.

[Joe Public]

Thousand Oaks $2.95

Exactly.

[falafel]

Eff all ya'll. Still hasn't ever dropped to $2 in LV

It was $2.25 for 85 when I filled up on Saturday. Luckily I had a lot of Smith's fuel points available to drop it to $1.95/gal. Filled my 21 gallon tank for ~$42!