Drove by three drilling rigs yesterday on the way to one of our places.No workers at any of them.
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The government said new applications for jobless benefits rose to a seasonally adjusted 542,000 from a downwardly revised figure of 515,000 in the previous week. That's much higher than Wall Street economists' expectations of 505,000, according to a survey by Thomson Reuters.
That is also the highest level of claims since July 1992, the department said, when the U.S. economy was coming out of a recession.
Yep, the low gas prices are gonna come at a cost of a lot of jobs in exploration, drilling, and production and support industries. Not nearly as many folks are anxious to drill low production wells for 60 bucks a barrel compared to 120 bucks a barrel.
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"Shoot him again....his soul is still dancing"
Sure do hate to see drilling rigs sitting idle. For 20+ years after the oil bust in the 80s there were dozens of rigs sitting rusting in a yard near OK City.Those rigs have been refurbished and the place isempty. Looks like that yard may soon be full of rigs again and that is very bad.[:@]
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: Jobless Claims Hit 16 Year High
Quote:
ORIGINAL: Lanse couche couche
Yep, the low gas prices are gonna come at a cost of a lot of jobs in exploration, drilling, and production and support industries. Not nearly as many folks are anxious to drill low production wells for 60 bucks a barrel compared to 120 bucks a barrel.
True, Kind of has the smell of the mid 80s agian. But this time its not OPEC.
Also, theresanother reason exploration is going to get killed as well.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
yea... now that bush's on his way out and the price of Crude and gasoline droping a bunch...companys that were allowed to operate because of the high prices....are stretched pretty thin at $60 a barrel compared to $150
everything was stretched too thin anyway...alot of these guys started there buisnesses in the Bush Bubble and dont know how to survive under regular circumstance. everyone/the ones that survive aregonna be cutting back....in a way its a good thing.....because the price of everything is gonna drop...
the ****ty part is lost american jobs.
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: Jobless Claims Hit 16 Year High
Quote:
ORIGINAL: Alpha Capo
yea... now that bush's on his way out and the price of Crude and gasoline droping a bunch...companys that were allowed to operate because of the high prices....are stretched pretty thin at $60 a barrel compared to $150
everything was stretched too thin anyway...alot of these guys started there buisnesses in the Bush Bubble and dont know how to survive under regular circumstance. everyone/the ones that survive aregonna be cutting back....in a way its a good thing.....because the price of everything is gonna drop...
the ****ty part is lost american jobs.
I dont care for Bush, but are you suggesting he cause the fuel crisis??? Might want to look agian.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
yea... now that bush's on his way out and the price of Crude and gasoline droping a bunch...companys that were allowed to operate because of the high prices....are stretched pretty thin at $60 a barrel compared to $150
everything was stretched too thin anyway...alot of these guys started there buisnesses in the Bush Bubble and dont know how to survive under regular circumstance. everyone/the ones that survive aregonna be cutting back....in a way its a good thing.....because the price of everything is gonna drop...
the ****ty part is lost american jobs.
I dont care for Bush, but are you suggesting he cause the fuel crisis??? Might want to look agian.
naw[8D] but it is a pretty funny Ka'winky'dinK....Ask your guys's good buddy Mikey Moore.[] bush in, Price climbs....bush out, price Plumets.
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: Jobless Claims Hit 16 Year High
Quote:
ORIGINAL: Alpha Capo
Quote:
ORIGINAL: burniegoeasily
Quote:
ORIGINAL: Alpha Capo
yea... now that bush's on his way out and the price of Crude and gasoline droping a bunch...companys that were allowed to operate because of the high prices....are stretched pretty thin at $60 a barrel compared to $150
everything was stretched too thin anyway...alot of these guys started there buisnesses in the Bush Bubble and dont know how to survive under regular circumstance. everyone/the ones that survive aregonna be cutting back....in a way its a good thing.....because the price of everything is gonna drop...
the ****ty part is lost american jobs.
I dont care for Bush, but are you suggesting he cause the fuel crisis??? Might want to look agian.
naw[8D] but it is a pretty funny Ka'winky'dinK....Ask your guys's good buddy Mikey Moore.[] bush in, Price climbs....bush out, price Plumets.
That would be too simple. All those huricanas that tore up our refinerys had nothing to do with that I suppose? Or the speculators? Or OPEC raising prices? But ill remember that line of thought in the next 4 years. If you are in office, its your fault.
Wait, Bush is not out of office until Jan. So I guess we need to praise Bush.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
Wait, Bush is not out of office until Jan. So I guess we need to praise Bush.
naw he had to lower the price to a normal level before he leftand make sure he covered all his tracks....so Obama wouldnt learn his neat trick, and do the same., or cry conspiracy on bush and his good oil buddy Cheney and the Arabian royalty.
[8D]
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: Jobless Claims Hit 16 Year High
Quote:
ORIGINAL: Alpha Capo
Quote:
ORIGINAL: burniegoeasily
Wait, Bush is not out of office until Jan. So I guess we need to praise Bush.
naw he had to lower the price to a normal level before he left to make sure he covered all his tracks....and so Obama wouldnt learn his neat trick, and do the same., or cry conspiracy on bush and his good oil buddy Cheney and the Arabian royalty.
[8D]
O.K. Our refinery capacity had nothing to do with it at all?
Bush is a sly fox. I always thougt you guys called him an idiot. I guess he fooled yall.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
Jobless Claims Hit 16 Year High
] bush in, Price climbs....bush out, price Plumets.
