Layoffs.......

[2011GT]

Bombardier in Tucson will be hiring soon. We have bases in Dallas, Wichita, Fort Lauderdale, Hartford and Tucson.

[2011GT]

I would take it but keep in mind that if oil keeps going where it is headed there are going to be a lot of people unemployed very soon. I would try to get somewhere fast.

Like who? I always figured cheaper gas prices is better. It at least leaves me with more money to spend.

[inline 6]

Bombardier in Tucson will be hiring soon. We have bases in Dallas, Wichita, Fort Lauderdale, Hartford and Tucson.

I'm stuck here, I have a son and I will sacrifice to stay close so I can be an effective father.

[GrayStangGT]

Like who? I always figured cheaper gas prices is better. It at least leaves me with more money to spend.

All the people in jobs supported by the oil industry that get laid off and start moving to other industries.

[inline 6]

All the people in jobs supported by the oil industry that get laid off and start moving to other industries.

I'm not worried about those guys. If you don't have an A&P it's not like you can easily pick one up. I am basically working in the repair station side of the house and they aren't hiring anyone without one even though it's not required.

[beefed88]

Not officially yet, they are asking people to leave with an incentive for now. They have over staffed the place and it's obvious. With aircraft orders not as strong as in previous years we don't need all these people.

I feel like we aren't near the top o the economic cycle for aviation at the moment so that arms weird they are laying off when there is a backlog of NEO orders.

Not sure what you mean everybody is hiring. It's cake these days.

[beefed88]

Like who? I always figured cheaper gas prices is better. It at least leaves me with more money to spend.

The semi small amount extra you pay at the pump accounts for a lot of jobs. I will pay the extra cost to keep the rigs going and all ancillary support needed.

[Strychnine]

The semi small amount extra you pay at the pump accounts for a lot of jobs. I will pay the extra cost to keep the rigs going and all ancillary support needed.

There are ~300,000 people in TX with upstream oil and gas jobs and other ~100,000 with mid and downstream jobs.

For every $10 drop in the price of a barrel of oil, world economic output increases by almost half a percentage point, but I still want $90/bbl.

[KBScobravert]

There are ~300,000 people in TX with upstream oil and gas jobs and other ~100,000 with mid and downstream jobs.

For every $10 drop in the price of a barrel of oil, world economic output increases by almost half a percentage point, but I still want $90/bbl.

The price per barrel and how it affects current and future work was my first question at my interview with Stallion. I was told that they don't see any decrease in operations even if oil dropped into the 50's. Of course I took it with a grain of salt.

[GrayStangGT]

the price per barrel and how it affects current and future work was my first question at my interview with stallion. I was told that they don't see any decrease in operations even if oil dropped into the 50's. Of course i took it with a grain of salt.

[KBScobravert]

Your response clearly explains your opinion to my post. Yes, that is 100% sarcasm. Care to type a little more?

[GrayStangGT]

If it drops to $50 for an extended period drilling will slow way down. I don't know for sure what percentage of Stallions business is renting equipment to support drilling and fracing, but based on their Midland yard that looks like what they mainly do out here.

[Strychnine]

If it drops to $50 for an extended period drilling will slow way down.

The long and short of it is that right now we have to slow down production. Something has to give for a bit. Without cash flow the industry will start pumping the brakes.


But we're hijacking - start a new thread and we can discuss things like Bakken efficiencies and how the rig count up there needs to drop 60% by 2020 to maintain a flat production rate (20% drop needed nationwide) or how we have a 1 million bbl/day demand growth but a 2 million bb/day supply growth and if we don't start exporting crude in 2015 it's only going to get worse as our 2016 supply is expected to hit 3 million bbl/day while the US' gasoline consumption has gone down 8% over the last 5 years (diesel demand is up)

[KBScobravert]

If it drops to $50 for an extended period drilling will slow way down. I don't know for sure what percentage of Stallions business is renting equipment to support drilling and fracing, but based on their Midland yard that looks like what they mainly do out here.

Thanks.

[beefed88]

I'm stuck here, I have a son and I will sacrifice to stay close so I can be an effective father.

Where are you located? What exactly do you do for airbus?