Originally posted by saltheart foamfollower
reply to post by aravoth
Well, I have TRIED about everything except maybe hitting them with a hammer.
Thanks for the observation on the comments. It is like they are insane.
What other explanation can there be?
I dont know how much you know about the oilfield, but this is what I've come to see from the inside over the last 10 years. When I say the
"oilfield", I mean, working 1st, 2nd and 3rd party in that period of time to see how everything tends to push and pull.
Alot of folx dont realise, the amount of jobs and the productivity of the oilfield depends greatly on the amount of gas. It's true that when gas
prices rise, it's good for the oilfield. Everything trickles down. More jobs, more production, more exploration. But! There is a problem.
Over the last... say 2 years, there had been alot of problems in the industry from the inside. The more hurricanes we have, the more money is spent
shipping hands back and forth offshore. That gets expensive. Hands usually get put in hotels durring their hitches. When I say hands, I mean the
whole crew. Sometimes only a skeleton crew is left behind. Either way, everyone gets paid, but no production takes place. It takes hundreds of
thousands of dollars to run a rig every day, depending on the size of the rig. Land rigs cost less, but they usually dont stop for a storm. Come
hell or high water, land rigs will drill! If an offshore rig is shut down, and alot of times this is normal, but usually not more than hours or a few
days, it can get very costly, very fast. The lowest daily totals i've seen are 60+ thousand dollars.
After Katrina and Rita, land rigs and offshore rigs were shut down across the south US and the gulf for extreem periods of time. Many rigs were
destroyed. One I was on just prior and after, completely lost the entire derrek, though personaly, something was rather shadey about that.... It cost
that rig ... well, their insurace, millions! That was one rig. Many land rigs were shut down for weeks and months because of flooding.
Since then, and almost right away, the oilfield seemed to dwindle out, slow at first, then a heavy crash. Hands were loosing their jobs left and
right. I managed to hold onto mine, but I couldnt run from the domino effect. People who lost jobs, lost their homes. You couldnt get a job on a
rig or even 3rd party unless you knew people and even then it was hard to come by. No one was making money so no one wanted to hire. Eventually the
hands that were left were becomming thinned out as well, because things just didnt pick up for a long time. Rigs were moving out of the state in
massive numbers to try to compensate for the losses.
The problem, I've found... When we went through this gas price spike the first time.. Companies started charging more for services. Something
similar happened with the mortages and house sales right about the same time. Everyone got greedy. The money we were making for our companies was
insane. Not only did they have a lack of people to fill the possitions, but companies overworked the hell out of 1-3rd parties. We got small wadge
increases, sometimes a lil more, but what we were charging the companies for our services, as my own personal day rate, that we only recieved a
fraction of, was insane. So basicly, 3rd parties jacked up their prices for everything. Our companies didnt spend any more on us, though our bosses
did splurge on us a good bit, but we were doing the same work, with the same and often worn out tools, for alot more money.... for the company. Not
I imagine that cost spike hit the oil companies harder and caused the gas prices to raise farther still. But when everything bottomed out, the hands
got laid off quickly so the marginal loss didnt hit them so hard. Everyone got cut back to a skeleton crew. Jobs were lost, homes were lost in
abundance. For those that say that it's their own fault... walk a mile in their shoes. You cant imagine how "screwed" mortage companies could
make a person by raising interest rates so high that all they could afford were their bills, and barely that. I know. I was making 60K a year and I
could hardly scrape by. Not because of poor credit. Because interest rates were selectivly high and you didnt have a choice. Houses were bought up
everywhere. You couldnt rent because those were packed all the way to houston. If you lived in a home with no lease, your lease was broken so people
from new orleans who could pay twice that could live there. You HAD to buy a house because you could live no where else. If you did have a lease, as
soon as it was up, you couldnt afford the notes.
Well enough for now.. This whole topic makes my blood boil!