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The Water Cooler
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If You Are PLanning To Fill The Gas Tank....
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<blockquote data-quote="tRidiot" data-source="post: 2838326" data-attributes="member: 9374"><p>I understand what you're saying... but it's still a relatively high wage for someone often with not even a high school diploma to be able to make $50k per year, or more. Roughnecking is tough work, I understand that... but yes, regional salaries vary greatly. That isn't so much the point of the discussion, though. It's about the industry in general... if you're overproducing, you're going to flood the market. It's simple.</p><p></p><p>Don't we now have the ability to export our oil to other countries? Why aren't we doing that? Because it's not profitable yet... because American oilfield workers require such a higher wage? I don't know... I know my brother got into the oilfield industry, he worked hard, and with not even a high school diploma he worked his way up to running a hotshot business (or something?) and he was bringing in a couple hundred grand a year... while I was continuing to go to school, living on student loans, he was buying big trucks, boats, houses, four-wheelers, building bigger shops and expanding as fast as he could. All within 3-4 years.</p><p></p><p></p><p>Last I heard, he was back to running a regular truckingroute for someone else, had lost all that stuff and was just your average joe again. Guess he didn't bank any of it or plan or whatever. We're not in touch, so I couldn't tell you... but he was one who lived high on the hog when it was rolling. Now he's back to being a regular guy. I doubt he likes it very much, if I know him.</p></blockquote><p></p>
[QUOTE="tRidiot, post: 2838326, member: 9374"] I understand what you're saying... but it's still a relatively high wage for someone often with not even a high school diploma to be able to make $50k per year, or more. Roughnecking is tough work, I understand that... but yes, regional salaries vary greatly. That isn't so much the point of the discussion, though. It's about the industry in general... if you're overproducing, you're going to flood the market. It's simple. Don't we now have the ability to export our oil to other countries? Why aren't we doing that? Because it's not profitable yet... because American oilfield workers require such a higher wage? I don't know... I know my brother got into the oilfield industry, he worked hard, and with not even a high school diploma he worked his way up to running a hotshot business (or something?) and he was bringing in a couple hundred grand a year... while I was continuing to go to school, living on student loans, he was buying big trucks, boats, houses, four-wheelers, building bigger shops and expanding as fast as he could. All within 3-4 years. Last I heard, he was back to running a regular truckingroute for someone else, had lost all that stuff and was just your average joe again. Guess he didn't bank any of it or plan or whatever. We're not in touch, so I couldn't tell you... but he was one who lived high on the hog when it was rolling. Now he's back to being a regular guy. I doubt he likes it very much, if I know him. [/QUOTE]
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