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Old 11-13-2015, 10:03 AM
 
Location: Upper Kirby, Houston, TX
1,347 posts, read 1,803,724 times
Reputation: 1018

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Oil price collapsing, could set new low

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Old 11-14-2015, 07:12 AM
 
1,903 posts, read 3,201,744 times
Reputation: 1582
Quote:
Originally Posted by misterno View Post
it already did

prices not going down yet but definitely it takes longer to sell the houses with some discount probably

Wait for Chevron and Exxon's big layoffs when they finally understand that oil never will go back to 70
XOM will not have a big layoff. It already runs a tight ship and keeps things lean. Chevron will have another big layoff - I think that was already announced.
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Old 11-14-2015, 08:54 PM
 
951 posts, read 1,435,020 times
Reputation: 598
Quote:
Originally Posted by Htown2013 View Post
XOM will not have a big layoff. It already runs a tight ship and keeps things lean. Chevron will have another big layoff - I think that was already announced.
No matter how much Exxon is tight they will keep laying off people if oil stays around 44 dollars like today

there is no way they will not have a lay off with oil this low.

The question is what if oil goes down to 30?

There will be blood
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Old 11-14-2015, 11:11 PM
 
Location: Sugar Land
2,465 posts, read 5,761,220 times
Reputation: 2733
Yes they will :-) Just wait

Quote:
Originally Posted by Htown2013 View Post
XOM will not have a big layoff. It already runs a tight ship and keeps things lean. Chevron will have another big layoff - I think that was already announced.
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Old 11-16-2015, 10:45 AM
 
Location: Tricity, PL
61,109 posts, read 85,909,223 times
Reputation: 130766
Texas’ oil and gas job losses this year are even larger than previously thought. The word comes with the release of the Texas Petro Index, a cross section of economic indicators for the upstream oil and gas industry.
The latest estimate, based on payroll employment data, far exceeds previous calculations by the Texas Workforce Commission: Texas down at least 56,000 oil and gas jobs since December 2014
Texas Down At Least 56,000 Oil And Gas Jobs Since December 2014 - 11-13-2015 : Houston Public Med... Houston Public Media

But the data is incomplete, and somehow mysterious. There is a trouble pinpointing the total number.
The Texas Alliance of Energy Producers, an industry trade group, says Texas has shed more than 28,000 energy jobs since December, but doesn't have a guess about Houston. Outsourcing firm Challenger, Gray & Christmas says it's far worse - 67,252 jobs, although not all the cuts are within state lines. A local investment bank firm puts the job losses at 50,000 in Houston alone.
By some estimates, one energy job generates four jobs in unrelated industries. When oil and gas jobs start disappearing, other sectors could struggle, too.
http://www.houstonchronicle.com/busi...main-a-mystery
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Old 11-16-2015, 10:53 AM
 
951 posts, read 1,435,020 times
Reputation: 598
Quote:
Originally Posted by elnina View Post
Texas’ oil and gas job losses this year are even larger than previously thought. The word comes with the release of the Texas Petro Index, a cross section of economic indicators for the upstream oil and gas industry.
The latest estimate, based on payroll employment data, far exceeds previous calculations by the Texas Workforce Commission: Texas down at least 56,000 oil and gas jobs since December 2014
Texas Down At Least 56,000 Oil And Gas Jobs Since December 2014 - 11-13-2015 : Houston Public Med... Houston Public Media

But the data is incomplete, and somehow mysterious. There is a trouble pinpointing the total number.
The Texas Alliance of Energy Producers, an industry trade group, says Texas has shed more than 28,000 energy jobs since December, but doesn't have a guess about Houston. Outsourcing firm Challenger, Gray & Christmas says it's far worse - 67,252 jobs, although not all the cuts are within state lines. A local investment bank firm puts the job losses at 50,000 in Houston alone.
By some estimates, one energy job generates four jobs in unrelated industries. When oil and gas jobs start disappearing, other sectors could struggle, too.
http://www.houstonchronicle.com/busi...main-a-mystery
The last link is not working
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Old 11-16-2015, 01:16 PM
 
Location: Houston, TX
17,029 posts, read 30,773,910 times
Reputation: 16264
By some estimates, one energy job generates four jobs in unrelated industries. When oil and gas jobs start disappearing, other sectors could struggle, too.


In about 6 months, we will see the other sectors (like retail) struggle. Try those new fancy concept restaurants now...
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Old 11-24-2015, 09:36 AM
 
Location: Upper Kirby, Houston, TX
1,347 posts, read 1,803,724 times
Reputation: 1018
Comerica Bank: Greater Houston To Lose At Least 30,000 More Jobs By Summer 2016 | Houston Public Media

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Old 11-24-2015, 10:51 AM
 
Location: Mo City, TX
1,728 posts, read 3,422,895 times
Reputation: 2070
Never fear war is here (or will be).

Turkey (NATO ally - don't know why) shot down a Russian plane. Things are heating up.
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Old 11-24-2015, 03:34 PM
 
951 posts, read 1,435,020 times
Reputation: 598
Quote:
Originally Posted by lipbalm View Post
Never fear war is here (or will be).

Turkey (NATO ally - don't know why) shot down a Russian plane. Things are heating up.
Turkey joined NATO back in 1952 for several reasons. Google and you will read

I don't think oil will go up due to this. There is so much oil and consumers can not absorb it.
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