Saudi Arabia to lower oil prices, the houston boom is over

Pipeline surprisingly has some of the best Pizza on the entire east side. They have a Washetria with flatscreen TVs that sells beer inside next to it too.

Baytown has grown massively in the last 3 years. I hate driving there now to see my folks because of the traffic.

 

The refineries on the east end are doing well... It's the westside production in the field that is hurting Houston. Thank goodness my wife works where she does, and is really good at doing her job.

 

Is it hard? When do you graduate? I need 15 bucks

 

Yeah, I think it's called Washabeeria.

But yeah, things always have been solid over on this side and the growth has been exponential. I just saw plans for a Fred Hartman Part Duex set to begin construction next year and replace the current Beltway 8 Toll Bridge. The removal of the toll booths has been nice, but it's only a matter of time before traffic picks back up.

 

Oddly enough, I graduated college in 2002 with a computer science degree. Just in time for the dot com bubble to burst. I never got a real job in that industry but ended up in the oil and gas field a year later because I knew people (things were really booming then). Fortunately I work for an engineering contractor so we do work for refineries as well as upstream (and chem plants). So while there is a downturn, there is generally still work to be had out there.

I'm definitely not sorry I got into this field instead of software development. I make WAY more doing what I do now than I would have in that field. And the horrible job environment I experienced just out of college totally soured me on that industry completely.

 

Link? When is this supposed to begin and will it be in the same location as the Beltway Bridge?

 

Yeah, in the same location.

Here's a LINK to a release from the Coast Guard. There are pictures and schematics towards the end of the document.

Facebook post by the City of Deer Park: LINK

There was a thread in some forum I found when Googling awhile back and it had some industry "insiders" talking about more of the details. Can't seem to find it now though.

 

You're a medical student?

 

that's genius.

 

This article is trying to describe this bust as being only bad for "white collar" office guys which couldn't be further from the truth. In busts like this the folks who get hit the hardest are "blue collar" field staff. As rig counts reduce obviously you need less staff to support those rigs so those guys lose their jobs almost immediately.

Office guys in Houston are losing their jobs too but it doesn't stop there.

 

Could those guys working offshore transfer over to working in the expanding refinieries though?

 

The Dallas Federal Reserve report (manufacturing outlook survey) for January came out and it was just bad. Texas is teetering on recession territory.

Here's the link

https://dallasfed.org/microsites/research/surveys/tmos/index.cfm

Click on the different tabs to view the data and charts.

 

No.

I'm assuming by working offshore you mean working on rigs or frac spreads. But, no, they are totally different jobs and I'd bet the upstream roughnecks would consider process techs as office guys.

Also, guys working on rigs would have to move as most don't actually live anywhere near Houston.

 

Yeah the author seems to think E&P is just white collar dudes in an office and refining is just blue collar guys at a plant, but hey, she's from LA.

 

I don't know percentages but it's well known that people on the field got hit hard but so have the corporate jobs. I didn't even read it bc it sounded dumb AF.

 

Paid $29 for 22 gallons this morning. Last week the same cost $31.

 

IDK, seems like the article is just highlighting the contrast that this downturn has had on the Houston area. Job losses on the Westside (white collar) and growth on the East (blue collar). The bulk of the blue collar workers losing jobs on the upstream side aren't in the Houston area, so it's not relevant to the article.

Obviously, there's been a TON of upstream blue collar jobs lost in this downturn. There's no denying that. But the bulk of the job losses in the Houston area have been white collar.

 

cheapest petrol prices in Australia in years right now

 

The bogans must be having a ball with their V8s huh?

 

I think they're trying to do that, but also fall into providing some of the wrong information.

"But in this economy, you're much safer as a blue-collar worker," is what one of the people said, which really isn't true. In my company, to this point, we've lost far more factory/plant workers in the field, than we have white collar guys in the office.

Most of what I've read has been similar, although I think there will be more and more office cuts this year, with the continued glut of inventory.

When I read it, I got more of a feeling that the people didn't understand that the guys out in the fields are being laid off. I also hate reading articles online with people posting stuff like "good riddance to those oil fat cats" and don't understand that the Executive Assistant will get laid off before anyone with a sizable salary.