Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Are low oil prices helping or hurting you?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="NikatKimber" data-source="post: 2778517" data-attributes="member: 423"><p>The volatility of the oil and gas industry is <em>exactly</em> why I choose not to work in it. When I graduated in 2009, the O&G industry was the only strong(ish) industry still going. But I refused to work in an industry that is as up and down as it is. So it took a while to find work then. But today, I am still employed, and have no worry about my job. And, I'm making 2/3 more now than then.</p><p></p><p>Also, doing a quick math calc, using these two site's information:</p><p><a href="http://www.census.gov/hhes/www/income/data/historical/people/" target="_blank">http://www.census.gov/hhes/www/income/data/historical/people/</a></p><p><a href="http://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/" target="_blank">http://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/</a></p><p></p><p>The portion of income going to gas (based on 20mpg and 15kmi / yr) was 62% higher in 2010 than it was in 1995.</p><p></p><p>The cost per gallon of gas is up 150% + over 1995 costs. Average inflation should only be 55.8% for that time period. So gas has gone up 3x more than income, which has followed the expected inflation value almost exactly.</p><p></p><p>I'm sorry to hear about anyone's woes, but wishing worse on the rest of the population because you happen to be on the receiving end when it does go up is self centered and short sighted in my opinion.</p></blockquote><p></p>
[QUOTE="NikatKimber, post: 2778517, member: 423"] The volatility of the oil and gas industry is [I]exactly[/I] why I choose not to work in it. When I graduated in 2009, the O&G industry was the only strong(ish) industry still going. But I refused to work in an industry that is as up and down as it is. So it took a while to find work then. But today, I am still employed, and have no worry about my job. And, I'm making 2/3 more now than then. Also, doing a quick math calc, using these two site's information: [url]http://www.census.gov/hhes/www/income/data/historical/people/[/url] [url]http://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/[/url] The portion of income going to gas (based on 20mpg and 15kmi / yr) was 62% higher in 2010 than it was in 1995. The cost per gallon of gas is up 150% + over 1995 costs. Average inflation should only be 55.8% for that time period. So gas has gone up 3x more than income, which has followed the expected inflation value almost exactly. I'm sorry to hear about anyone's woes, but wishing worse on the rest of the population because you happen to be on the receiving end when it does go up is self centered and short sighted in my opinion. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Are low oil prices helping or hurting you?
Search titles only
By:
Top
Bottom