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Ah, gotcha. I started in late 70's. First layoffs were in

Posted on: May 4, 2021 at 21:08:02 CT
jmlppx MU
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Early 80s when crude dropped to 10 bucks a bbl. ROI's became unacceptable and cutbacks were inevitable. Had a big one in 92....again due to tight spreads and single digit ROI's. Overall and looking back, I think the companies generally did the right thing. Productivity, especially in the staff and support sectors improved a lot and much of the job cuts were handled with attrition and enhanced retirement packages.
I could only wish guvmint would do some rationalization, but it will never happen, especially the SEIU gets to bargain with those they contribute to.
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Gas Prices under Bush, Trump, Obama - KCT-BoneTiger A - 5/4 15:02:26
     So Bush was Prez in 2009 - JG A - 5/4 18:02:25
     Presidents have little to no effect on gas prices. I know - jmlppx MU - 5/4 15:06:06
          Very true. And usually on the stock market, certainly - GA Tiger MU - 5/4 16:02:13
          The current and past president have signed off - mizzouSECedes STL - 5/4 16:00:43
               Not aware of that, but I do know drivers were idled last sum - jmlppx MU - 5/4 16:47:47
          I agree with you. Yet Republicans use it to say it is the - KCT-BoneTiger A - 5/4 15:38:29
               Fracking lowers gas prices and Dems hate fracking - Spanky KU - 5/4 15:46:57
                    Biden proposals to limit fracking are limited to federal - KC rules MU - 5/4 17:16:39
                         I would not blame those layoffs on fracking. Careful, - jmlppx MU - 5/4 18:03:11
                              Not directly. But indirectly, the frack boom played a role - KC rules MU - 5/4 18:33:21
                                   Ah, gotcha. I started in late 70's. First layoffs were in - jmlppx MU - 5/4 21:08:02
                    Do dems hate fracking more than you hate dems? - Toger STL - 5/4 15:53:55
                         I hate Dems less than you love cock. - Emoji Man MSU - 5/4 17:03:24
                         No.. Dems hate fracking almost as much as they hate babies(nm) - Spanky KU - 5/4 16:10:18
                              And themselves(nm) - DollarSigns MU - 5/4 16:11:24
                    RE: Farcking lowers gas prices and Dems hate fracking - MOCO SON MU - 5/4 15:50:28
                         RE: Farcking lowers gas prices and Dems hate fracking - DollarSigns MU - 5/4 15:55:54
               RE: I agree with you. Yet Republicans use it to say it is the - MOCO SON MU - 5/4 15:40:01
          What impact does fracking have on gas prices? - Spanky KU - 5/4 15:18:00
               General increase in hydrocarbon supply yields generally - jmlppx MU - 5/4 15:21:36
                    Fracking has universally been credited with lowering US gas - Spanky KU - 5/4 15:45:31
                         Absolutely. All I am saying is if OPEC decided to pull - jmlppx MU - 5/4 16:42:57
                              The process is not dangerous to the environment - KC rules MU - 5/4 17:25:03
                              RE: Absolutely. All I am saying is if OPEC decided to pull - MOCO SON MU - 5/4 17:05:09
                              OPEC has not demonstrated the ability (or will) to do that - Spanky KU - 5/4 16:49:22
                                   That is true. And I do remember it. The Bakken play - jmlppx MU - 5/4 16:53:15
                         RE: Fracking has universally been credited with lowering US gas - MOCO SON MU - 5/4 15:48:07
     RE: Gas Prices under Bush, Trump, Obama - DollarSigns MU - 5/4 15:04:54
          pretty low at the end of Obama's term (nm) - KCT-BoneTiger A - 5/4 15:37:41
               RE: pretty low at the end of Obama's term (nm) - MOCO SON MU - 5/4 15:41:13
                    just like today - ashtray UF - 5/4 16:16:28




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