I have a question for the Houston people

Thread Tools
 
Search this Thread
 
Old 01-05-2009, 11:55 PM
  #1  
On The Tree
Thread Starter
iTrader: (7)
 
boostnificent's Avatar
 
Join Date: Dec 2008
Location: Pottsboro, TX
Posts: 147
Likes: 0
Received 0 Likes on 0 Posts
Default I have a question for the Houston people

What is the economy like there right now? Is it going pretty good or is everyone having tough times? The reason I ask is I have a job I was interested in applying for but was unsure of how it was going there. Any input would be appreciated. Thanks!!
Old 01-06-2009, 12:50 AM
  #2  
TECH Fanatic
iTrader: (19)
 
aggiez28's Avatar
 
Join Date: Mar 2003
Location: Houston
Posts: 1,228
Likes: 0
Received 0 Likes on 0 Posts

Default

things seem OK to me.
Old 01-06-2009, 01:29 AM
  #3  
Teching In
 
B_White112's Avatar
 
Join Date: Dec 2007
Posts: 16
Likes: 0
Received 0 Likes on 0 Posts
Default

I work for a large oilfield company and haven't noticed anything except for a lack of toilet paper in the left stall. get the job.
Old 01-06-2009, 01:34 AM
  #4  
01z
TECH Regular
iTrader: (3)
 
01z's Avatar
 
Join Date: Oct 2005
Location: houston, northside
Posts: 445
Likes: 0
Received 0 Likes on 0 Posts

Default

oilfield here to. no loss of hours yet. already got december bonus, febuary bonus next lol
Old 01-06-2009, 02:47 AM
  #5  
In-Zane Moderator
iTrader: (25)
 
ZONES89RS's Avatar
 
Join Date: Jan 2007
Location: Conroe, Texas
Posts: 11,939
Received 32 Likes on 19 Posts

Default

Well, everyone i know is bitching about the economy, but that is life. They say Houston is doing good for what most of the US is going thru.
Old 01-06-2009, 04:03 AM
  #6  
TECH Addict
iTrader: (2)
 
02Z28LS1's Avatar
 
Join Date: Jun 2004
Location: Texas
Posts: 2,327
Likes: 0
Received 2 Likes on 2 Posts

Default

Originally Posted by ZONES89RS
Well, everyone i know is bitching about the economy, but that is life. They say Houston is doing good for what most of the US is going thru.
****, texas as a whole seems to be doing a lot better than most of the rest of the country.....
Old 01-06-2009, 04:47 AM
  #7  
TECH Enthusiast
iTrader: (3)
 
JeaneZ28's Avatar
 
Join Date: Jan 2008
Location: Tomball,TX
Posts: 553
Likes: 0
Received 0 Likes on 0 Posts
Default

We're doing good for now and alot better than the rest of the country. If gas doesnt start going back up we will be in trouble. I work in the oilfield and most of the drilling rigs are getting stacked out. Which means no wells will be hooked up. That means no new pipelines, no compressor station, means no work. This city runs on oil and gas if there is nothing new being pumped out then everyone will start getting laid off.
Old 01-06-2009, 07:52 AM
  #8  
TECH Addict
iTrader: (2)
 
02Z28LS1's Avatar
 
Join Date: Jun 2004
Location: Texas
Posts: 2,327
Likes: 0
Received 2 Likes on 2 Posts

Default

Originally Posted by JeaneZ28
We're doing good for now and alot better than the rest of the country. If gas doesnt start going back up we will be in trouble. I work in the oilfield and most of the drilling rigs are getting stacked out. Which means no wells will be hooked up. That means no new pipelines, no compressor station, means no work. This city runs on oil and gas if there is nothing new being pumped out then everyone will start getting laid off.
sorry, i know it sucks for the oil workers because of the low gas prices right now.....but after the total *** raping in gas prices we got over the summer this year, we deserve a ******* break.....
Old 01-06-2009, 08:30 AM
  #9  
TECH Fanatic
iTrader: (1)
 
sleepersilverado's Avatar
 
Join Date: Jun 2002
Location: Houston,Tx
Posts: 1,844
Likes: 0
Received 0 Likes on 0 Posts

Default

Originally Posted by 02Z28LS1
sorry, i know it sucks for the oil workers because of the low gas prices right now.....but after the total *** raping in gas prices we got over the summer this year, we deserve a ******* break.....
Not trying to preach to you but if you think the oil workers are the only ones affected by it in Houston or even Texas you need to wake up. I would be willing to bet that 90% of the people on this forum from Houston are tied to the oil industry. Engineering firms, manufacturing facilities, construction and all the entities in construction, helicopter mechanics and tons of other things I am sure others can elaborate on.

Edit: I am not disagreeing with the fact that we were getting gouged but if any thing the rig workers here are working to help relieve that.
Old 01-06-2009, 09:10 AM
  #10  
TECH Enthusiast
iTrader: (8)
 
Doomsday's Avatar
 
Join Date: Aug 2005
Location: Cypress, TX
Posts: 651
Likes: 0
Received 0 Likes on 0 Posts

Default

In the pipeline inspection business, slowed down a little sooner than usual towards the end of your. Nothing to serious, still got my bonus too.
Old 01-06-2009, 09:20 AM
  #11  
LS1Tech Co-Founder
iTrader: (38)
 
Nine Ball's Avatar
 
Join Date: Nov 2001
Location: Houston, TX
Posts: 32,987
Likes: 0
Received 45 Likes on 19 Posts

Default

Houston in general has not been affected as much by the economic slump like the rest of the country has. Why? Because our homes were not overpriced to begin with, and our cost of living was already lower than most major cities. The city is heavily influenced by oil/gas, medical, and specialty service industries.
Old 01-06-2009, 09:24 AM
  #12  
12 Second Club
iTrader: (12)
 
twitchtwice's Avatar
 
Join Date: May 2008
Posts: 2,612
Likes: 0
Received 1 Like on 1 Post

Default

Originally Posted by Nine Ball
Houston in general has not been affected as much by the economic slump like the rest of the country has. Why? Because our homes were not overpriced to begin with, and our cost of living was already lower than most major cities. The city is heavily influenced by oil/gas, medical, and specialty service industries.

correct, and those are all things that are always necessary which is another reason we are still doing ok.
Old 01-06-2009, 09:29 AM
  #13  
TECH Enthusiast
iTrader: (6)
 
red281gt's Avatar
 
Join Date: Aug 2008
Location: Alvin, TX/HOUSTON,TX
Posts: 592
Likes: 0
Received 0 Likes on 0 Posts
Default

yeah houston is doing good right now , but I have notice that gas is coming up again little by little....
Old 01-06-2009, 09:34 AM
  #14  
Destroyer of Exotics
iTrader: (18)
 
FlashWS6's Avatar
 
Join Date: May 2007
Location: Houston tx
Posts: 388
Likes: 0
Received 0 Likes on 0 Posts

Default

under 2 bucks is fine for me lol
Old 01-06-2009, 12:23 PM
  #15  
Banned
iTrader: (8)
 
7420NW7TH's Avatar
 
Join Date: Jan 2008
Location: Houston
Posts: 164
Likes: 0
Received 0 Likes on 0 Posts
Default

I work for a company that provides service equipment for the oilfield. I have noticed that some major operators are putting holds on (their) projects due to finances. Its not affecting us right now, but could be a delayed effect (like in a year or so). But right now things seem ok...
Old 01-06-2009, 12:43 PM
  #16  
Launching!
iTrader: (14)
 
badinfluencelsx's Avatar
 
Join Date: Aug 2006
Location: Richmond, TX
Posts: 213
Likes: 0
Received 0 Likes on 0 Posts

Default

alot of rigs being stacked and including mine. and its a little hard to find a job when everyone is on a hiring freeze. some companies are still doing good but others.. well..
Old 01-06-2009, 01:06 PM
  #17  
TECH Resident
iTrader: (6)
 
A-Dub's Avatar
 
Join Date: Nov 2004
Location: Houston, TX
Posts: 835
Likes: 0
Received 1 Like on 1 Post

Default

Originally Posted by badinfluencelsx
alot of rigs being stacked and including mine. and its a little hard to find a job when everyone is on a hiring freeze. some companies are still doing good but others.. well..
I assume land based rigs?
Old 01-06-2009, 01:15 PM
  #18  
On The Tree
iTrader: (13)
 
Blackfly's Avatar
 
Join Date: Dec 2003
Location: Katy/Cypress/Pearland, Texas Bitches!
Posts: 169
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by 7420NW7TH
I work for a company that provides service equipment for the oilfield. I have noticed that some major operators are putting holds on (their) projects due to finances. Its not affecting us right now, but could be a delayed effect (like in a year or so). But right now things seem ok...
Exactly. Delayed effect. 1-1.5 years sounds about right. If the economy doesnt start rebounding by July...it's gonna be a sad thing...save your cash, pay your debt or your gonna be in a world of pain.
Old 01-06-2009, 03:09 PM
  #19  
On The Tree
Thread Starter
iTrader: (7)
 
boostnificent's Avatar
 
Join Date: Dec 2008
Location: Pottsboro, TX
Posts: 147
Likes: 0
Received 0 Likes on 0 Posts
Default

thanks guys! i am probably gonna stay put for now. i am making around $90k US here and it's tax free. i looked into the job there and i would be a contractor which means i'd be self employed. they are offering $100k US but i'd have all the taxes and expenses come out of that and would only end up with $50k or $60k a year.

Last edited by boostnificent; 01-06-2009 at 05:21 PM.
Old 01-06-2009, 04:16 PM
  #20  
Registered User
 
blk06tbss's Avatar
 
Join Date: Dec 2008
Posts: 22
Likes: 0
Received 0 Likes on 0 Posts
Default

it is not great anywhere... but it is better in Houston than a lot of other areas in Texas and its better in Texas than it is in almost every other state.



All times are GMT -5. The time now is 01:11 PM.