I’m Back

It feels like much longer than it was, the 27 days I was out there without internet. I was so grateful to have even a few days of real work again! I was hoping for more, but things are still very, very slow offshore. Every one of us on board was so thankful to have a job after a long dry spell.

Too bad, but the company finished up all the work they had lined up and so laid me off on Saturday. There was some talk about more projects coming up in the near future, but nothing definite.

I can survive another couple of months off of that job. I have a class lined up to teach the week of June 25th. Maybe by the end of the month something else will come up?

The price of oil is still under $50/bbl. Until that changes, I don’t see much hope of a decent job. But even a few days every now and then will be enough to get by on. I know most people are thrilled at the low price of gas at the pump (tho it should be about $1 less going by price/bbl- all that extra is taxes!).

I would probably be thrilled too if it didn’t wipe out my entire profession. Every sector of the maritime world is tied to the offshore sector and the price of oil. When it’s low and the offshore sector shuts down, people migrate to deep sea, towing, fishing, etc. Shutting off any options to do anything else on the water.

Shoreside jobs are a total waste of any mariners skills and training and don’t come anywhere near offering even the worst pay/benefits we earn on the water (and it’s not all about the money either).

I’ll spend the next couple of weeks catching up on things I’ve been putting off: exterminator, dentist, house cleaning, oil change, car wash, doctor, painting projects, taxes, etc. All kinds of fun stuff like that. 😉

Hopefully, I can keep things interesting with some stories from the recent past. 😉

Still Out Here

Tomorrow will mark 3 weeks offshore and I’m keeping my fingers crossed that I will get to stay out here even longer.

Usually by this time, I’ve about had enough and I’m itching to get off the boat and go home. Take a nice, long vacation somewhere. This trip has been the first real work I’ve had in a loooong time, so I am not in quite the same frame of mind.

The only thing I could wish for out here is a little better situation with the internet, but oh well, we all just have to deal with it…

I will stay out here for as long as I possibly can. Especially since there is no telling how many more months I might have to wait until I can find another ship.

I know most people are happy that the price of oil has been so low for so long. I would be too, if my career didn’t depend so much on it. Sadly, the US Merchant Marine is almost totally dependent on the offshore (oil) industry. We have less than 100 deep sea ships left and probably half of those are shipping oil.

When the Gulf of Mexico slows down and lays off crews, it affects the entire US Merchant Marine. Sadly, US mariners are not wanted in most of the rest of the world. Everyone is afraid we are going to sue them I guess. 😦

Finally!

I wonder if things are finally beginning to turn around? I heard a tip from a friend while I was at the TBEX in Huntsville about a job. I immediately tried to call the people who were looking (it was the weekend) and eventually got in touch.

Thank goodness! We were able to work things out and I left for the ship on Monday. I’ll be working as a DPO for at least a couple of weeks! A real job!! 🙂

I was glad I got to go to the TBEX in Huntsville. I learned a lot, ran into some old friends and met some new ones. I hope I will be able to turn my experiences there into some good stories and will follow up on connections asap.

Sadly, that may not be all that soon. It looks like I will be pretty much out of touch while here on the ship since internet is not up to snuff and phone is out of range. 😦

After working for over a year on a tuna boat, 3+ months incommunicado at a time, I swore I would never again work for anyone who didn’t have enough respect for their people to provide them with a minimum ability to keep in touch with friends, family and business at home.

Well, after almost 20 months of unemployment (without being able to collect even a dime of the thousands of dollars I’e paid into the system over the last 40+ years), I’ve had to change my attitude, suck it up and take anything that anybody offered. 😦

Thank goodness, I’m finally working! It could last as long as 6 weeks!!

I just hope this is a sign of better times ahead.

I’ll try to post as often as I’m able. Sorry but I don’t think I’ll be able to very often til I get off. 😦

Locked Out

“Your account is temporarily locked, please try again in a few minutes”. I hate when it does that!

I always check my email first thing in the morning. Just to see if I have anything important in there. Usually not lately. I keep hoping for somebody to contact me about work. I’ve been looking for work since September of 2015 and not finding anything.

Usually, I’ll have at least 4-5 emails for work every week. It’s horrible how this downturn has been. None of the others have even come close. At least for the marine side of things. The onshore drillers have already been going back to work for a few months now. Ever since oil hit $40/bbl.

I don’t think offshore will see a break until oil hits at least $60/bbl and it looks like we’re still a long way from there. 😦

In the meantime, I check my email ever day, sometimes 4-5 times a day. Hoping to see something. I have seen a few jobs. Unfortunately they’re not anything useful for me. Either they’re so far away (and not rotational) and I would have to move. Or the pay is so low that it doesn’t make sense for me to consider (no way I could come close to paying my bills). Or they really have nothing to do with maritime (‘job captain’, ‘team mate’, etc).

I suppose I should be using this time to ‘pound the pavement’ trying to sell my ‘art. My writing, photography, painting, etc. But I’m not a salesman and never have been. You would think the internet would make it easier. I suppose it has given me the ability to show my work to people all over the world.

The only problem with that is that it has given that same opportunity to millions of other people who are also trying to sell their work (and a lot of them have some really, really great stuff)! I am now competing with millions of others instead of just the few here locally. It’s very discouraging.

I’ll keep plugging along. Maybe I’ll get a break somehow. Hopefully before my savings runs out completely.

This Is Where I Work

When I work.

This is the kind of ship I’ve been working on most recently. This video was taken on the DS-4. I used to work on the DS-3 and DS-5 and a couple of other sister ships. Sisters, meaning they’re all built to the same basic plan.

These drill ships are technological wonders. They’re very capable and fairly comfortable ships to work on. I would go back in a NY second! I keep hoping the price of oil will go back up. There will be no work for me or anybody else out there until it does. According to reports, there are around a half million people out of work due to the low price of oil.

I read the news every day to see the price of a barrel and how many rigs are working. So far, the price has recovered from around $26/bbl to around $50/bbl (just dropped back down to $47 last few days). The ON SHORE drillers have been taking advantage of the situation and are drilling like crazy!

They have already returned a couple hundred rigs to work. Every time they do, they put downward pressure on the price of a barrel of oil. That only delays offshore drilling from starting up again.

At this point, I’m wondering if we’ll EVER be able to go back to work. it is not cheap to drill for oil offshore. They’re not going to do it at a price of only $50/bbl. The companies that work offshore can’t work without making a profit. That means oil must be over $60/bbl and it has to stabilize there before any of us see steady work again. (IMHO).

I know, most people are happy to get cheap gas, I would be too if I was actually getting it as cheap as it should be with price/bbl so low. And if so many people weren’t out of work because of it.

If I could find some other type of work that was in any way comparable, I would be doing it. There’s nothing like offshore. There’s nothing I’d rather do than be a mariner. I’ll just keep hoping things get better before I’m forced out for good.

Already

Yeah, it’s over. Already! My first real job since I was laid off back in September of 2015 lasted exactly 5 days!

I was hoping it would go for at least a week, every day of work I get now is like a godsend.

I was thrilled to have the opportunity to go back offshore for a few days, even tho I had to give up the 4 days I was scheduled to work in Houston. Wish I could have done both, but have to take offshore whenever it comes up. There’s just no comparison.

I hope this short job will be a foot in the door for future opportunities there. I know not many people are taking time off for any reason, not if they can help it. But sometimes, like this time, they have to. Maybe I can at least start filling in again when that happens.

Another Week Flies By

And here I am still here, still looking for work, still not finding anything. 😦

I did get 3 days of work in Houston last week and I’ll have one more day up there this week. Every little bit helps. It’s just a hard let down, I’m working for 1/10th the day rate I used to get and only working about 1/10th the amount of time too. 😦

Thank goodness I have my real estate investments to fall back on! I’ve gone through almost all of my savings now. The rent I get from those properties is pretty much the only income I’ve had for the past 17 months. I haven’t been able to use much of that money myself either, most of it goes to pay expenses. I’m just thankful they’re not still costing me money.

I did go to a real estate investment seminar last Friday. I had hopes it would be a way I could work my way out of this mess. A way I could earn a living without having to wait for the price of oil to go back up high enough to where they’ll start drilling offshore again.

Sad to say, the program was not at all like what they sold us on at the seminar! Not even close! I was tempted to buy the ‘tax lien investor’ program. I was already buying properties and could have ‘flipped’ them if I wanted to, but I prefer keeping them for rentals. So I wasn’t really interested in their property flipping program.

I thought the tax lien program might work for me. I was already familiar with how they work. Basically, you pay the taxes owed to the county in return for a lien on the property. The property owner has a certain amount of time to pay up. When the time runs out and they don’t, you can claim the property. In the meantime, you collect a high interest rate from the time you pay the county for the lien. Whatever happens, you make money- IF you’ve done your due diligence and bid on a good property!

I’ve gone to a couple of auctions locally. A friend has invested in a few of them and he explained it all to me a few years ago. The thing that convinced me to buy their program was that they said they would do all the research. They would take care of the ‘due diligence’.

Nope. Turns out that’s not at all what they do.

Turns out, they only deal with properties in Florida (even after I- and others- asked them specifically where the properties were located and was told “all over the US, Canada, the Caribbean and the US Pacific Islands including Guam). I suppose only investing in Florida is fine, IF you only want to invest for the interest. Even so, I would still be concerned about the necessary research. That all takes quite a bit of time, especially if it’s not local.

Yes, you can make a lot of money just investing for the interest (never for the property itself), IF you have a lot to invest already. I mean, how much is it really going to help to make 20% interest if you only have $100 to invest? You CAN make a lot of money if you actually get that property behind the lien. That is what I was interested in doing, but turns out they had nothing at all to offer for help on that.

So, I called and asked for a refund. They said they would cancel the credit card charges and I would have to return their books. I haven’t made it to the post office yet but figure i’ll be out at least $20 on postage. Lesson learned- no matter what you do it’s going to cost you money!

Decisions

I might not be on here for a few days. I’ve got a hard decision to make. I got laid off of work last September (2014). I’m not eligible for any help (unemployment) since my last job was overseas. The offshore oilfield still shows no signs of improvement and probably won’t til the price of oil stabilizes above $60/barrel.

Everything I’ve tried to do to earn money since I’ve been laid off has not worked. No one has been interested enough in buying my beach house to even take a look at it. I haven’t sold one piece of art except a small 4×6 photo for $10. My writing mostly hasn’t been interesting enough to an editor to be worth a reply. None of the jobs I’ve applied to have been interested enough to call me back, except Dominos Pizza for $6 and change/hour.

Beach House- For Sale- Fishermans Delight!

I still work doing the emergency management training if they have a class and if they put me on the schedule. That hasn’t happened since the end of October. Nothing coming up til the last week of January.

I’m really starting to worry about my situation. I’ve managed to save some money, normally enough to last being laid off, but I never thought it would ever take this long to find a job!  My friends tell me to ‘sell some of my stuff’. They don’t realize I’ve been trying to. No one wants to give me a fair price and I’m not willing to just give it away.

The decision I’ve been wrestling with is to take a job as a ‘safety attendant’, working in the plants around here. It’s ‘local’- I’d only have to drive 2-3 hours back and forth every day. My truck is getting to the point where I don’t want to put it through that (1997 F-150). It’s a 12 hour/day job, every day. Until the job ends. Then you’re supposed to be able to collect unemployment til they call you back again at some point. It pays $14/hour.

That would (barely) cover my bills (if I don’t have any time off- no down time for weather, etc). It would mean I’d have zero time for anything at all but eat, sleep, shower, work. For weeks, maybe months on end.

I have to spend all day Wednesday-Thursday in ‘training’ in order to get certified to do this job. Same thing I’ve done for the last 30+ years, but never needed a certificate to do it offshore (yes, it’s amazing that they don’t require it too, but actually let us do a simple job without spending hours in a ‘training facility’ on the beach!). They give us the same training, they just call it something else at every company. This place doesn’t even pay for the training.

I’m thinking I should at least go to the training. Maybe I can find out more about the actual conditions of this particular job from others there?

The other choice is: to just give up. To quit ‘working’ altogether. Forget about trying to keep my documents current. Forget about looking for work. Stop spending hours filling out online applications for jobs that don’t exist and just chill. Relax and work on my art. 🙂

an example of my art- star fish in pastels

Spend that time figuring out how to get the hell out of this ratrace and find somewhere that I can afford to live with no job. From previous travel and research, I know already that almost everywhere is cheaper than the US. My only real concern is how long can I make it without any income from work at all? I’m (only) 55. A very, very long way from being able to collect on social security (if it’s even still there).

If things were like they were when I started this career, it wouldn’t be an issue. I could take off for a couple of years and when I was ready, just  jump right back in to work. That’s not possible any more.

When I was taking my walk tonight, I figured the absolute minimum I would need to just keep my license current would be $10,000 and 5 weeks of time! We have to re-take a hell of a lot of ‘training’ now and it seems they require more of it every year. That’s really a very, very low estimate.

So, if I do decide to quit. I won’t be able to come back. Ever.

hate the thought of that. I LOVE what I do! I’ve spent almost my entire life at sea and I don’t want to leave it. I’ve spent tens of thousands of dollars to get my license. I hate the thought of just throwing all that away.

It gives me chills even to think of giving it up forever. I really don’t know what to do. I’ve been in this limbo for months now. I can’t concentrate on trying to make a living with my art (writing/photography/painting) since I’m distracted all the time trying to look for ‘a real job’. I think I might quit for a while, but then I remember theres no coming back if I do.

This really sucks!

I keep hoping that someone will come through with a real job for me! A job where I can do what I’ve been trained to do already! A job that I’m good at. A job that I actually LIKE!

I’ll call them all again tomorrow, see if there’s any hope at all. Keeping my fingers crossed.

one of my favorite paintings- I did this on the ship using deck paint!

To Work- or Not to Work?

That was the question…

I’m scheduled to work tomorrow and Tuesday this week. If I’m lucky I will get to work both days. Nothing else on the schedule for me for the entire month. 😦

The training center where I’ve been working has also been struggling to survive since the downturn in the oil markets. They have very few students, so very few classes, so not much work for me. 😦

I have a long planned trip coming up the 1st of November. It’s super expensive and something I’ve wanted to do since the 1st time I watched Tarzan on TV when I was a kid. A real bucket list trip. A photography safari!

Friday, I got a call for a possible job. The first real job since last September. I had to give it a pass.

Why does it always seem to work like that?

One Day

I worked yesterday. One day. That’s it for the month. I got a total of 4 days for July. I’m thankful, but somehow that’s just not enough.

I was reading the latest Workboat Magazine. I saw an ad for cooks and galley hands and it actually got my hopes up. Until I called this afternoon and they told me they weren’t really looking for anyone. They got a special deal on ads, so they were running them every month regardless of not needing anyone. 😦

I never imagined that I would ever again be so thrilled at the prospect of a job as a galley hand! I thought those days were long gone. After all the time, effort and money I’ve invested in myself to earn a master mariners license and I’m back to the position of jumping at any chance to be a galley hand, and thrilled for the opportunity. How sad.

It seems to have become standard practice for companies these days to advertise constantly when they don’t want to hire anybody. Then most of them refuse to respond in any way. I was lucky today to reach a company that actually answered the phone with a human being! It’s much better to be told the truth, rather than hanging on hope when there’s really nothing there to hope for.

I keep wondering what society will be like when such large numbers of people are put out of work. So many people are now being replaced by robots. What are we all going to do? It’s bad enough already when people who used to make good money have lost those jobs to overseas workers and have to work for minimum wage instead. They can’t afford to buy anything American made anymore, so even more jobs are shipped overseas.

People say it’s like back in the days when cars replaced the horse and buggy. What happened to the people that made horse whips? Or swept up the horse shit? I understand why they bring up that comparison, but I don’t think it’s really the same situation.

First of all, we had a much smaller population (in the US and worldwide). Second of all, we were not so ‘globalized’ back then. Americans were not all competing against foreigners who could do the work so much cheaper- transportation and communication systems were not up to the job. Third, the pace of change is so much faster. A person used to be able to learn a trade and spend decades, if not a lifetime, doing one thing. Not any more.

How many skills can one learn in a lifetime? How good can you get at a skill if you’re forced to learn another every couple of years? How can you afford to constantly re-educate yourself, especially when everything now requires specialized, expensive ‘training’ and a piece of paper?

Can this country survive when the vast majority of us are either unemployed or barely surviving on minimum wage jobs?

Maybe, but I’m not sure I want to see it.

A Bird in the Hand

Is worth two in the bush.

I should have thought about that little rhyme a little bit more last week.

I had 2 prospective jobs last week. There’s the catch- “prospective’. Not actual. 😦

I thought I was a shoe-in for both. I turned down one for the other that paid better. Lost out on both of them.

So, now I have nothing again.

I’m so disappointed.

I’m so frustrated

I’m so worried.

I’m so sad.

I’m so confused.

What should I do? What can I do? I want to just say the hell with it all and go away somewhere. I want to stop wasting my life here, hanging around trying to find work when there just isn’t any! I want to go spend some time somewhere where I can be happy, where I can do something useful, where I can have some fun, where I can learn new things, meet new people, try something different.

All I think of when I think of those things, is: how can I afford to leave? And to come back in time to renew everything I need to in order to keep my license? I need that license if I ever want to go back to sea again. If I don’t renew it in December, it’ll be like I’ve never stepped foot on a boat in my life, and I’d have just wasted 50 years of experience on the water! I DON’T want that to happen!

Actually, I’m starting to regret choosing this career. It’s mostly been good, it’s given me plenty of opportunities where I really enjoyed my job, plus plenty of time off and enough money to enjoy it. But, after all the years, after all the effort, after all the sacrifices I’ve made in order to keep working offshore- all it takes is the price of oil to drop and it’s over.

I’ve been out of work over 6 months already and there’s no telling when I’ll get back out there. IF I don’t manage to get enough sea time to renew next time, that’ll be it. It’s over! The way it’s going, the way the pundits are predicting, it might be years before the price of oil goes up, high enough for them to start hiring again.

There’s a lot more to it than just the price of oil. Mostly to do with the US Coast Guard and the IMO. That’s a whole other subject and enough for a book! All the things they’ve done to ruin this profession!

It’s an argument I’m having more and more often with myself. Keep trying, don’t give up til there is no hope of keeping that license? Knowing how much more time, effort, money and lost opportunities to LIVE LIFE? Or, give it up for good? Find some other way to support myself? Even the thought of that almost makes me cry. 😦

And what else could I possibly do? I have no idea. I’ve been trying for over 3 years to earn some income from this blog. So far I haven’t earned even one cent. I’ve been trying to earn income from my art- painting and photography. In over 3 years, I’ve earned a grand total of $5.33. I’ve tried to earn income from writing. That’s been my big earner so far. I’ve earned $250!

So- what else is there?

I’ve invested in property. I have recently started to just about break even. That is only if there are no major repairs to be made. There’s always something that comes up so I lose money every year. Only ONE of my properties is worth selling. The rest of them will lose me a LOT of money if I try to sell them (due to major structural damage that has occurred since I bought them). I put that ONE property up for sale to help tide me over this period of unemployment, but haven’t had ONE offer since it was listed. Sure, I could lower the asking price, but then I would lose out on what I’ve spent on improving that one too! The rent from that house is all that’s keeping me above water, I’ve basically had NO other income this year! My last job was for a foreign company, so I’m not eligible for unemployment pay. So, after 40+ years of paying into the system, I get NO help when I need it myself.

So. What else is there? I’m trained to be a mariner. That’s it. I have no other papers (except a Math degree which has been totally useless so far). It seems pretty much all the decent jobs out there require some kind of certificate (at minimum) now. Do I have the time and money to spend to get one? NO. I will jump ship the 1st time they call me to go offshore!

Same goes for working a shore side job like McDonalds or Walmarts. I have applied there. I figured they must have a pretty high turnover, so I don’t feel bad about quitting if I get a call to go offshore. Problem is, even those jobs are not calling. They’ve all told me they won’t even start hiring til August.

I haven’t felt this bad in a long time.

What to do, what to do…

Nibbles

I’ve had a couple of nibbles in the last couple of days. Nothing positive yet, but I may be able to go to work soon. This is really the first time I’ve heard anything about offshore work since I was laid off. I’m hoping to get something definite out of them tomorrow.

It’s a huge pay cut, but it’s better than nothing. Not even having unemployment money coming in is really killing my finances! My job in Houston is down to 2-3 days/month. I just hope the work actually happens this time!

The price of oil has almost doubled since the first of the year, but it’s still not economic for the offshore drillers to start up again. So, no real work for me til that happens.  I know most people are hoping the gas prices stay low, but I can’t wait for them to get up there to around $80. That should be a nice happy medium. Get us all back to work and not cost too much at the pump.

Did I Pass?

I had to take a math test this afternoon. I applied for a job at Mathnasium and that’s part of the process. They want to make sure you know what you’re doing before they turn you loose to tutor their clients. 😉

I think I might have failed it. I should have studied. I think I did OK on the algebra, but I forgot a lot of the formulas for geometry (area of a circle, triangle, etc). I never was good at word problems either.I haven’t done any math like that since I graduated college (2000). 😦

I’m interested to hear what my scores are. The job probably won’t start til August, and I’m REALLY hoping to get a ‘real’ job (offshore) by then. It’ll still be a good part time gig anyway.

Looking Forward to Monday Morning!

Who’s looking forward to Monday morning?

I am!

Thank god I’m going to work tomorrow morning! I’m scheduled for a grand total of 3 days of work this month and hope to hell I get all 3!

I’m not eligible for any unemployment assistance, even tho I’ve paid into it for over 40 years. Now, when I really need it, I can’t get it, simply because my last job was with a foreign company (for a year and a half). A job I took mostly in order to get ‘insurance’ which is now mandatory according to ‘Obamacare’.

So, now that I’m laid off, I can’t qualify for any of the programs I’ve been supporting for over 40 years. And people wonder why so many Americans are pissed off?!

So, I’m very thankful I can get ANY work at this point. It’s not much, but it’ll pay the gas to get to and fro, it might even take care of the electric bill (tho it’s summertime now and I seriously doubt that- AC running 24/7!).

I know most people are happy to see the gas prices so low (not nearly as low as they should be), but since my job is tied to the price of oil, I’ve been wishing it higher for months now. It’s been creeping up slowly, and I’ve heard that some land rigs have been starting up again.

Offshore drilling needs a stable price and it needs to be higher than where it is now. I’d guess around $80/bbl would start work up again. I’ve been working in the offshore oilfields for the last few years. Simply because that’s where all the work was.

I’ve been trying to find work on ANY kind of vessel since I’ve been laid off, but all the available openings have already been taken by people laid off before I was. It doesn’t help at all that the US Coast Guard keeps restricting our licenses so that we can only work on very specific types of vessels.

Basically, the rules we have to work by now state that if you don’t have so much time on 1 type within the last 5 years, you can’t work on that type of vessel any more, ever. At least not until you go through a time consuming, expensive, ‘training’ rigamarole. They treat you like you’ve never been on a boat a day in your life before! It doesn’t matter at all if you’ve previously spent 20+ years on one type of boat, say a towboat, and then you went fishing for 5 years. Doesn’t matter, you start from scratch to go back on a towboat!

Companies just refuse to hire you if you don’t have the exact, specific, ‘training’ and certificates they insist on. Even tho it would take less than a week of time onboard to re-qualify. Nope, they won’t let you on til you have it already. Catch-22 in action.

My original license said “Freight & Towing”. Since I haven’t worked on a towboat in the last 5 years, my license now says “Steam & Motor” and I’m not qualified to work on a towboat. Not until I get a TOAR. That takes a minimum of 30 days onboard a towing vessel. There is VERY little in that assessment that a licensed mariner isn’t already completely proficient in. The only items are those specific to a tug and tow (about 10 things on the list).

All the towing companies I’ve talked to since I’ve been laid off want me to spend at least 2-3 YEARS on deck before even considering upgrading me to tankerman (I job which I previously worked for over 13 yrs). I need 2 transfers to get back that license (tankerman PIC), but without it, I can’t get onboard a vessel to get those 2 transfers. See what I mean?

Smaller and smaller boxes we’re shoved into. Is it any wonder they’re having a hard time finding qualified mariners? (They say this, yet hundreds of thousands of us looking for work around the world).

What a paradox!

All I know at this point is that I’m very happy to be going to work in the morning for a change.

Anybody else been out of work for a long time? How did you survive it?

Closing In On $45

Emails today showed me oil was at $44.66! It’s getting closer to $50, which may be the magic number. The price at which the oil companies will stop laying off people. The price at which they might start thinking about how they’ll manage to continue working without  having the people to do the job.

I’m sure most people are happy to see the price of oil so low. It certainly helps at the gas station (tho prices are no where near as low as they should be if just depending on the price of oil)! I’m happy to pay less at the pump too, but for all the people like me who’ve been laid off over the last year, it hurts. It hurts bad.

I’ve read that somewhere around a half million people have been laid off since the price of oil started dropping. That’s a lot of people forced to cut back, sell assets, into bankruptcy. That’s a lot of people shut out of good paying jobs and into minimum wages (if any).

I keep wondering when things will stop hurting and start getting better? I don’t think anyone really knows. Some pundits say oil will go to $14, others think it will go back to $100+.

I don’t want it to go to either of those extremes. I’d be happy with $70-80. That should be enough to put everyone back to work and keep it affordable at the pumps too. 🙂

Rumors

The big discussion I’ve been having with everyone is over the price of oil and how it will affect us (we all work in oil related industries).
I’m sure for most people, it must be just such a nice bonus, especially this time of year. To have the price of a barrel of oil cut in half over the last few months is probably giving most people a little bit extra to spend on Christmas presents.
I think it’s got to be a boon for the world economy. Oil plays such a HUGE part in our everyday lives. Most people don’t even realize.
It’s not only used to fuel almost the entire transportation industry worldwide (there are a few electrically powered cars now), but it’s used in so many OTHER things we never really think about.
Things like plastic, which is itself used in almost everything. Like pharmaceuticals, fabrics, lubricants, fertilizers, chemicals, CDs, artificial limbs, and here’s a link to a list of some other uses.

Of course, I do have a life outside of my job. 😉 I love it when the price of gas goes down and I can think about going exploring around my neighborhood again. I appreciate when the price of a plane ticket goes down. I love it when the prices of all the things I have to buy drop because the price to deliver them to the market drops. (Why does it always seem that it doesn’t drop as much as it SHOULD?)

But, since I’m working in the oilfield (again), on a drillship, looking for MORE oil, when the price of oil drops it’s not usually a good thing. The oil companies we work for definitely take note, and things start slowing down out here.

New projects are delayed or canceled. Boats and rigs are put into storage. Crews are laid off. Like most people, we’re also living paycheck to paycheck.

So the rumors are flying. We’ve all heard about companies already paying millions of dollars to back out of contracts. Projects being cancelled. Rigs with no contracts. People in super-high demand a couple of months ago unable to find work and others being laid off. Companies starting to change their policies so that working for them is not as good as it was last year (they realize we are not as willing to just jump ship if we don’t know we have another job or 2 waiting in the wings).

We’re all wondering if our companies are going to keep their contracts (and so we will be able to keep our jobs). We’re wondering how low will the price of oil go this time and how deep the cuts.

Yeah, I think it’s a help to the worldwide economy when the price of oil drops. I also know that the price of oil affects the entire oilfield and everyone related to it. It’s a HUGE influence all over the Southern US. So many people all over Texas, Louisiana, Alabama, Mississippi and Florida work offshore in the Gulf of Mexico, they support entire counties in those states with their paychecks!

The shale boom from Texas up through Oklahoma and the Dakotas (and all the way up into the Northeast) has helped bring the US out of the “great recession” (finally). Shale drilling is already screaming to a halt. The boom in those states will go with it.

So we’re all just wondering, how low can the price of oil go and for how long?