Originally posted by BrianL
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Hey Oilfield Guys!!
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Originally posted by txjustin View PostLooks like the steel industry is taking a hit as well.
http://247wallst.com/commodities-met...lity-closures/
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Originally posted by txjustin View PostLooks like the steel industry is taking a hit as well.
http://247wallst.com/commodities-met...lity-closures/
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Originally posted by panhandlehunter View PostThe layoffs are taking place in a tubular testing and finishing facility in Houston, Texas and a manufacturing facility in Lorain, Ohio. The tubular products that are produced and tested by these facilities are associated with drilling and construction in the oil-and-gas industry.
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Originally posted by kyle1974 View Postso they're not really part of the steel industry then?
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Originally posted by panhandlehunter View PostYes they are, a division of the largest steel company in America. But that particular division is associated with O&G, so obviously they will struggle with low oil prices. Not the steel industry as a whole.
chem plants & refineries put a lot of projects on hold when oil $ drops.
that adds up to a lot of steel, plates, concrete, pipe and equipment.
you can call that oil and gas, but the peripheral industries are endless.
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Originally posted by Bily Lovec View Postdisagree.
chem plants & refineries put a lot of projects on hold when oil $ drops.
that adds up to a lot of steel, plates, concrete, pipe and equipment.
you can call that oil and gas, but the peripheral industries are endless.
Also, the US steel industry's biggest enemy is China, not low oil prices.Last edited by panhandlehunter; 01-07-2015, 12:01 PM.
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Originally posted by panhandlehunter View PostI work in plants, and haven't seen any projects put on hold because of oil prices. Not saying it doesn't happen. When oil prices dropped in 2008-09 I was working in a ConocoPhillips refinery, on a large projects. 2015 will be a very busy year for me.
Also, the US steel industry's biggest enemy is China, not low oil prices.
I work in engineering and design of the plants,
so Im further away from it then you are.
A project you were working on in 08-09 was being developed the previous 3-4-5 years, low oil prices wouldnt effect it.
When a $3 billion project is shelved for a "year" because of low oil prices, you're scrambling to find positions for a couple of hundred people JUST in the office.
When a 30 month backlog suddenly disappears because refineries are huddled up doing only required EPA projects. I guess thats because of high beef prices ?
Where did I say O&G was US Steel's biggest enemy ?
you dont realize how many projects require domestic material only, its not just steel.
60% of jobs in Houston are related to the Energy Sector.
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Originally posted by Bily Lovec View PostIm saying it does happen.
I work in engineering and design of the plants,
so Im further away from it then you are.
A project you were working on in 08-09 was being developed the previous 3-4-5 years, low oil prices wouldnt effect it.
When a $3 billion project is shelved for a "year" because of low oil prices, you're scrambling to find positions for a couple of hundred people JUST in the office.
When a 30 month backlog suddenly disappears because refineries are huddled up doing only required EPA projects. I guess thats because of high beef prices ?
Where did I say O&G was US Steel's biggest enemy ?
you dont realize how many projects require domestic material only, its not just steel.
60% of jobs in Houston are related to the Energy Sector.
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