Anyone else take satisfaction in the misfortunes of Oil & Gas? (mortgages, high school)

[korvnock82]

Let me explain. During the boom years I remember oil workers were very smug and like to talk about their new trucks. I remember the term "party like a rockstar" being used frequently to describe the average weekend. Oil workers liked to to talk about how a college degree would only hold you back. There was money to be made with only a high school education.

Now the forces of macroeconomics have swung against the oil patch. I hear people talking about when the industry will recover, but the truth is the industry will never recover. OGP has been changed forever. The days of paying workers $25 an hour to do work that was valued at only $14 are over. The industry has become more efficient and that means that the workers will have to be more productive will less compensation.

This is the new normal. Even if oil prices rebound that will not lead to higher wages for the workers only more profits for the company. Why didn't the oil workers understand that the past few years were a bubble? That is why it is called a bubble, because you can't see when it will pop.

[hendersj31]

Take satisfaction in other people's misfortunes? Grow up.
I have worked in Oil and Gas for a long time. Myself as well as many of the old timers knew it was a bubble. The younger folks maybe not so much.
When the next boom happens workers will get paid whatever the market dictates. This ain't the first rodeo man.

[swopoe]

I know people who don't live in this state who do take satisfaction in the downturn. They think "we" deserve it. It makes me so angry. My husband went to school for 11 years to earn 3 degrees to get his job in O&G and we live responsibly. No big trucks or anything like that over here. So for people to think that O&G workers deserve misfortune is completely wrong, childish, and mean-spirited.

[oespinoza83]

OP:

Oh right, because all o&g workers are HS diploma field hands? What about those that have 1-2 college degrees, work desk jobs, make decent $ (not 100k+), and have been let go? Putting kids through college, paying mortgages and other bills, then that "super high o&g salary" doesn't go that far.

Why do people believe every person tied to O&G is a millionaire with a HS diploma? Are there some out there that blow wads of $, sure, but that exists in all facets of life. Are there also many out there that saved up, don't "party like rockstars" and live normal lives, yes plenty.

But go ahead and keep lumping them all together and praising the doom on them. Stay classy.

[bohunak]

Excuse me?????? Take satisfaction in the misery of others? That's pathetic. No matter what you see, or hear, to enjoy when somebody else is suffering, no matter what d..head that person is, is simply wrong.

[DSL_PWR]

Originally Posted by mjdlonghorn

Let me explain. During the boom years I remember oil workers were very smug and like to talk about their new trucks. I remember the term "party like a rockstar" being used frequently to describe the average weekend. Oil workers liked to to talk about how a college degree would only hold you back. There was money to be made with only a high school education.

Now the forces of macroeconomics have swung against the oil patch. I hear people talking about when the industry will recover, but the truth is the industry will never recover. OGP has been changed forever. The days of paying workers $25 an hour to do work that was valued at only $14 are over. The industry has become more efficient and that means that the workers will have to be more productive will less compensation.

This is the new normal. Even if oil prices rebound that will not lead to higher wages for the workers only more profits for the company. Why didn't the oil workers understand that the past few years were a bubble? That is why it is called a bubble, because you can't see when it will pop.

cool story bro.

[North Beach Person]

It's not limited to oil and gas, look at the people who are orgasmic about the collapse of the coal industry. Both industries are cyclical. Oil will come back, coal probably won't.

[jenfarm_]

smh. i have no words.

[txdemo]

But they speak so highly of you.

[Mr. Clutch]

Feed not the trolls.