Oil prices of $30-$40 per barrel is good for everyone, gas prices are stable, people are traveling and buying things and all is right with the world. These prices today will impact every part of the economy, housing prices will drop, new car and truck sales will plummet, and impulse buying will stop. I’m not so concerned about our position now, both kids are out on their own, and if I lose my job, we’ll be ok. A lot of people won’t for various reasons. Anyone who believes that this won’t affect them has been day drinking.

I did yesterday, and I STILL knew we're screwed.

He didn’t say that nor do they get payed peanuts. Nice try.

I stay pretty calm on these post and mind my own business. But I'm oilfield out here in West Texas as of tomorrow or next week at the latest I'm out of a job. Never been on unemployment or food stamps. I'm 56 and will have a hard time starting over but I will. Know what I'm going to apply for both. Catch up on my fishing and spend time with my family and grandkids I never get to spend time with. Too busy busting my butt with 110 hour weeks. Yeah I know I chose this life but oh well God will show me a way. I'm fixing to get banned but don't give a [censored] anymore. [censored] liberals getting their way finally. Oh yeah SUPERDUTY and anyone else who thinks"how does this affect me" it affects all of us. SO Y'ALL CAN GO [censored] YOUR SELVES. Be looking forward to your tax dollars supporting me for a while. The short time it last. PEACE OUT, you ungrateful MF

Hey doc606. Good luck!!! If you do get laid off, I hope it is for a short time and that things will get better for you on the other side of this. My thoughts and prayers are with you.

Downturns have an impact on all of us and that includes every business, industry or individual.

I would not ban you for that. Just speaking your mind and letting off steam. You earned that unemployment so take it too FYI. I pray things will be better soon Sir.

This posts speaks volumes. Much more than just the words.

Agreed.

Its not like he told you to choose a career where you would make peanuts....

See what I did there?

It absolutely does. Those of us in the business are damn proud of what we do, because so few are capable of doing it. We know what all is involved with putting that gallon of gas in a vehicle, putting that plastic cup to your mouth, pulling that plastic pistol out of the holster or just flipping the power switch on you lap top or PC. None of that is possible without oil, the world of plastic disappears. The road we travel, the tires we roll on, the signs we see, not possible without oil. Take oil out of the equation and we immediately go back to the 1800's, where the Blacksmith is one of the more important people in town.

We are constantly under attack even by those who we thought were on our side, this thread was a pretty good example. When asked how low crude prices impacted even those not in the business many of us explained and gave multiple reasons and examples. Whether a person agreed or liked the answers doesn't matter they were correct answers. A person can stick their fingers in their ear's and go la la la all day long but that doesn't change the fact that we are a world running on gas and oil and each and every one of us are impacted and involved. Anybody who doesn't understand that has more than just their fingers in their ears.

Yea everybody knows nobody gets killed and injured here in the oil business, it's a risk free business.

https://www.eenews.net/stories/1060053892

And that's an old oilfield hand trying to be diplomatic, understanding and pleasant, most would just leave the offender laying on the ground choking on their own teeth. Kudos for him having such restraint. I wonder how long they would last down at Betty Lou's?

I’m not here complaining about my job. See what I did there?
I knew I wouldn’t get rich doing this. I did it to help people because I like helping people. Most people get into O&G to try to make big money. At least all the people I know did.

I NEVER said this won’t affect me. I asked HOW this would affect me.
This battle of wits with unarmed men seems unfair for y’all.

I've been in the oil business for 35 years in one capacity or another. For the first 11 years I was involved in finding it, the last 24 have been spent valuing it. No regrets at all, being in the industry has allowed me to do and see things I never dreamed of. It has also provided for my family all these years.
That said, it is not an industry for the faint-hearted. Having been through multiple boom-bust cycles, it wears on you. But living through those cycles made me understand that before you buy a house, or a car, or have a kid, you better be prepared. Saw too many people get the rug pulled out from under them.
It's a high-risk, high-reward industry and always will be. Unfortunately, more than a few people out there have contempt for anyone that is in the industry, but, as said above, they make full use of what they provide to the public.

I got ya by a few years. We're a crazy bunch, why we stay in this business is beyond me, it's kind of like riding a bull with no rigging. Few if any work harder for their money than those in the Patch and they are rewarded nicely for it, as I said before not many are capable of doing it. How we spend our money is nobodies business other than those who seem to be envious of it and they complain loudly. We're a big family composed of all ethnicity's and we'll stand up for any and all, I know of no other business like it.. I love this business and thank God I've been allowed to be a part of it for so many years.

So if the city goes down in tax revenue some 30% due to O&G companies and the rona, that wouldn't affect you? Furloughs, layoffs, even city employees face those....

He was already told that a couple of times.

Me, no. People way under me, possibly. Me directly, no that won’t affect me.

May contract closed yesterday - $37.63 / barrel.
New contract this morning, back in the $14.00+ range.

I seen that!

That’s great news!!!

There are no sacred cows when it comes to money.

Good to see you concerned with your underlings.