Gas prices
 

What's it looking like in your area. I need to go fill up the boat. Lol 50 gallons. Use ally cost me 180. Now it's like 100 bucks!!!😎

sams club and costco in price war here. How about $1.80.9 per gallon.

not good......

Yeah the low prices are great at fill up... but its gettin a lil scary! even tho they used to be even cheaper than this and oilfield was still booming back in the 90s...

Every thing was cheaper in 90s.

How come food prices aren't going down? I thought they went up because high fuel prices?

Thats what im saying.... The reason everything else got so expensive is bc fuel prices went up.... But withing 2 months fuel prices will be back up over 3 dollars a gal

Yea. And when they go back up it will be a great reason to raise the price in consumer products again.

Yep soon all ill be able to afford to do is perch jerk w a cane pole for food to eat....

Wages were low too.


Sent

Yep!

Yep Im now getting 15.50 at Mc Ds .....................:grinpimp:

Time to fill the offshore boat up 160 gallon...too bad its winter...and the gas will go bad by the time I use her.

My wife and i filled up our tahoe a few days ago and it was only $50. Good for the check book but not for my job!

Gas needs to go back up to at least 2.75 - 3.00 $ per gallon.

I agree! I don't mind paying for the product i help supply.

X2...
I work in down stream side.....refinery...petrochemical...gas processing part.

Yep, I agree. I finally landed the refinery job I've always wanted and it coincides with a drop in the market. I'm not too worried though, big oil will always be profitable.

OPEC will not restrict production and want prices low. This will help to restrict US oil production and keep us dependent on foreign oil.

Gas price dropped $.12 today

Not good for the local economy (i.e. jobs).
If prices stay down, all sectors will begin to feel it soon!

I don't no feel one bit bad for oil companies. They have been raping the consumer long enough. I will take a few months of low fuel prices. We all know it's going back up.

I saw gas as low as $ 2.09 today in Lake Charles. Most stations were about $ 2.15.

Its definitely hurting my paycheck! But gas is like a monthly bill 200 to 400$ a month
Pros and cons of it all

People here that work for oil companies I'm sure will dissagree, but it's hard to imagine the oil companies are actually losing money right now. No doubt they're "losing out" on money-big difference. Seems I read where Exxon-Mobil net income for third quarter was like $8 trillion? Staggering. I realize not all companies are like Exxon-just posting an example.

25 bux cheaper to fill up my truck.... ill take that for a couple months... itll be back up to normal prices by Feb

Rape
 

So if oil companies are raping you. How about WalMart and every other company.

$$$
 

Exxon pays more taxes than they make profit in the USA. Most of exxon's income comes from overseas.

Obama's fault

Once u get a taste of that $200/barrel it's hard to go back to blue collar status.

Agreed!!

No oil company is losing they are not making higher %

Most oil companies sell future oil at set prices 6 months a head

So I would say most are locked on at $65-$80bbl

As far as jobs the ones who take the lick hardest is the drilling side which I feel for those hard working families !

I'm very fortunate that my job will always be safe as long as gas and oil gets sold down the pipelines

I transport the raw crude and we get the short end of the stick as well

Show me documentation for that info.

A lot of my investments are in oil and gas stocks, so Im taking a hit right now. Saw a report the other day and the leaders of OPEC stated they will not reduce production and will drop it to 20$ a barrel, if need be. They are purposely flooding the market with inexpensive oil for one purpose, to starve out the little guys.

I was reading another article about the drop in oil, the consensus was that over the last 10 and even more so 5 yrs there has been a boom in the little guy oil producers, and they were slowly bleeding the big names so OPEC was dropping the prices to starve out all these little guys, OPEC can survive they have the reserves, the little guys cant hang on as long.

This is were I make a lot my money, so I try to get as much info as possible. I don't see the prices going back up for a while. The lower prices is good for the economy people have more disposable income and they are using it (GDP was up 5%) so for 98% of the country this is welcomed!

For many in the energy field this will not fare good (including myself with investments) as the belts get tighter to try and survive the lower prices for the smaller productions, there's going to be some weeding out, only the strong will survive.

I honestly think this will settle out around Jan/Feb time and stay at that level until spring to early summer and then a slow increase.

These are just my thoughts, stranger things have happened...............

What helps many will hurt some
What helps some will hurt many

This will always be true
My college Econ 410 professor had this written on his wall in his office. I'll always remember that.

Why most oilfield companies are getting tad bit nervous is because they were so spoiled to $100 oil for so long

And service companies gulf wide and world wide also took advantage of it and charge rates and salaries have sky rocket up over last 15 years

We had an over view of what has happend in last 15 from 2000 till present

Everyone who started with our company from 2000-2002 have seen pay increase hourly of $22-26 an hour and charge rates increase $50 to $60 hour
Oil was $28 a bbl in 2001

Prime example is you had a guy starting in 2000 making $11hr and his charge rate was like $55

Now 2014 that same guy is making $33-35 hr with a charge rate of $75-90 hr

You can't take people money away so cost wise over 15 years has been profits for all

3Q net was 8 billion. Sounds like a lot but what did they spend to make that 8 billion?

I had my Ex in-laws that worked for Exxon tell me that Oil is the smallest income for Exxon. Exxon owns allot of the diamond mines in Africa. That is one of the biggest incomes.
And foe those calling for all the lower prices, remember South La is driven by oil prices. I remember in the 80's driving thru Morgan City and seeing the sign that said last one out turn the light off!!!! It was a tuff time for everyone in south La.

$1.75 gal. today at costco

Woohoo!!!!! Bout time the workin folk get a break

http://theeconomiccollapseblog.com/a...-economy-crazy

Real good read for those that think lower prices at the pump is a good thing!

Yea, the layoffs are coming. Louisiana and Texas will feel most of the heat. Lots of mom and pop oilfield companies won't make it and bigger companies have already started trimming down. I shake my head when people say low oil prices are a good thing.

Low gas prices are a economy killer for Louisiana

Thousands will get laid off if prices don't come back up after the new year and it will be a trickle effect
Starts with oilfield workers , then machine shops , hot shot drivers , small independent companies ..

Low oil prices effect way more than the oil field workers it effects millions of people and Texas & La will be hit the hardest

So when you enjoy your $30 fill up remember someone is losing a job at the same time because of It

This is a very good explanation of how this effects everyone, cheap gas seems good at first and is a immediate and tangible aspect when at the pump but the big picture is you may have saved 30$ when filling up your boat today but in 6 months you may not be able to even make the boat payment due to job lose

good read, I read a very similar articles about a week ago and it really dug deep into the ripple effects.

Example thats close to home..... good ol John thats got a job as a tool maker in mom and pops oil tooling company for the last few yrs came down to big lake or venice 2 or 3 times a year and hired a guide to fish. Well mom and pop have had to cut back due to the demand for their tooling has been cut by 20% or more, so mom and pop cut back 30% this means good ol John just lost his 30$ an hr job and has to decide to either make his truck payment or hire a fishing guide . So now the guide is having to cut back on his expenses due to lack of customers, so no new boat for the guide next yr. Boat production goes down this means good ol mike now at the boat plant has too look for a new job . Now that there isn't as many workers at the boat plant the food truck that came by at break time isnt coming by, food truck guy is loving the cheap gas but dosent understand why he is losing customers.... its gets crazy stupid .

Obama s fault 😬

Your right

I have several big oil companies salesman that use my guide service a lot for there customers every year ..
I'm sure they will not book near what they did this year if oil prices keep falling

Just think about it for all the full time guides who lively hood depends on oil money

Most of your big guide outfits are powered by oil companies who book lots of boats

1st cut of a budget is entertainment !!


This is main reason I will not go full time guide until I retire with 30 years with my company

Very smart move on your part!

What is the exact percentage of people in Louisiana that are directly related to oil and gas.
Drilling, production, refining , sales.

Just wondering.

And if yall think for 1 second that the Nation or the government or OPEC or any big other group is going to raise gas prices Bc people in LA are hurting financially..... It's not gonna happen.
We're not Texas, we can't force our will / needs on others.
Adjust, or get a new job.
I was in the financial sector for 7 years, I didn't like where it was going and how my life/income was being dictated by goverment / company rules, laws & regulations. So I moved on to a new career and I've never been happier and I love what I do.
That's just my opinion.
Merry Christmas

I would say 70% of jobs on La and Texas have some kind of oil industry related or maybe higher %