What's going on with oil? 

Kinja'd!!! "E90M3" (e90m3)
08/31/2016 at 12:37 • Filed to: None

Kinja'd!!!1 Kinja'd!!! 13
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It’s been all over the place recently, which was making me think since no one else wants to hire me, maybe I should go back to my old job, albeit at a different company.

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Looks like they are hiring.


DISCUSSION (13)


Kinja'd!!! For Sweden > E90M3
08/31/2016 at 12:42

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Washington County!

I know nothing about Washington County.


Kinja'd!!! E90M3 > For Sweden
08/31/2016 at 12:43

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Nor do I, I was in Texas, the other places they were looking for were Elk City OK and Shreveport LA.


Kinja'd!!! MonkeePuzzle > E90M3
08/31/2016 at 12:49

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*stands up, looks around his cube farm at this oil company*

yeah... I’d say the future still looks unclear

*tumbleweed rolls past*


Kinja'd!!! Leon711 > E90M3
08/31/2016 at 12:57

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Could do with it being $60 really, it was on an upward trend until the EU Referendum in the UK.


Kinja'd!!! Dru > E90M3
08/31/2016 at 12:59

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Is it weird that I read your headline in Jerry Seinfeld's voice?


Kinja'd!!! E90M3 > MonkeePuzzle
08/31/2016 at 13:04

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When I visited the offices in San Antonio, that place was becoming a ghost town with them moving everything to Houston. Hell they were in the process of closing my district down, we had already been absorbed into STX.

I sometimes have nightmares where they called me back to work and for some reason I accept the job. Yeah, that’s my nightmare, working for that company again. That said, at least me remembering 04678348 would have some merit.


Kinja'd!!! E90M3 > Dru
08/31/2016 at 13:05

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Nah


Kinja'd!!! nermal > Dru
08/31/2016 at 13:13

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Well you would be wrong then. Seinfeld = “What’s the deal?”

By the contrary, “What’s going on?” =

It’s a very subtle difference, but one that needs to be noted. This kinda thing is important!


Kinja'd!!! nermal > E90M3
08/31/2016 at 13:19

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My completely uneducated guess is that oil prices will be mildly unstable for the short-ish term (1-3 yrs), before cycling back up again 3-5 yrs down the road.

Low oil prices are good for everybody that doesn’t work or live in an area that has a large drilling presence, bad for those that do.


Kinja'd!!! Ash78, voting early and often > E90M3
08/31/2016 at 13:21

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If you’re looking at jobs in Midstream/Pipelines, you should be good. Energy Services (OFS) is really, really scary. Drilling (E&P) has traditionally been stable, but they mostly over-leveraged themselves. But they still have proven reserves in the ground that will make money either now or in the future. For jobs like that, I'd judge it on a company-by-company basis. (I'm not in the industry, but I follow their failures closely).


Kinja'd!!! E90M3 > Ash78, voting early and often
08/31/2016 at 13:26

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The whole shale boom here has changed the onshore oil industry, E&P cuts have been staggering recently and they’ve been laying down rigs like crazy. Companies are also going away from the multi-year wells offshore, why spend 100s of millions when you can spend 20 million on a shale well pad that will take you one month to produce from instead of years. I know Chevron was buying a lot of leases near Midland to do this exact thing.


Kinja'd!!! Dru > nermal
08/31/2016 at 13:27

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Ah. He Man was just a bit before my time.


Kinja'd!!! BigBlock440 > E90M3
08/31/2016 at 14:40

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I was wondering the same, gas shot up $0.20 last week, a 10% jump.