My kind of Forum fun ![Smile]()
.....and there is the weakness in your argument. You clearly understand little about this industry but feel that your have sufficient experience in life to argue the toss. Best of luck to you with that approach.
I quoted myself saying 'oil prices are dropping through the floor'. You can read into what you feel I might have been implying as much as you wish. It's simply your interpretation of what you thought I meant.
The fact is, prices have dropped and nobody knows when they will pick back up. It could be a month. It could be three years. No contradiction there.
So... prices are dropping through the floor and people are considering spending their own money on a training course run by a multinational corporation with no guarantee of work at the end, in an industry that globally might well be laying people off by the thousands next year.
Lets be clear here.. the signs are not positive for 2015. You'd need to be off your trolly to spend 12k on an ROV training course right now, or at all for that matter!
It doesn't matter what the underlying cause is for the drop 30 years ago or now. Not something I can be bothered to debate with either.
Facts
The price is down, offshore companies are jittery, Oil co's are cutting back on construction/exploration. On the latter, a vast amount of OI's work is drill support (rig, not vessel based). They will likely have many systems laid up doing bugger all if the price stays depressed. So, there is a good chance that the very company doing the training will have a dwindling requirement for ROV techs in 2015 in the short term.
Hah! You have to be kidding me.![Very Happy]()
You may bump into me when you are a drill support ROV tech, but I doubt that as I haven't worked on a Rig for about 15 years and am not likely to do so ever again. If you make the grade and eventually shift to ROV construction DP vessel operations, then maybe. As for discussing the term of my retirement so that you might fill my position.. no chance of that happening as I'll be long gone from this game by that point..... in a far distant time.
| maswov wrote: |
| From what I understand |
.....and there is the weakness in your argument. You clearly understand little about this industry but feel that your have sufficient experience in life to argue the toss. Best of luck to you with that approach.
| maswov wrote: |
|
You contradict yourself saying that you don't think anyone said that oil prices will remain low, then quote yourself implying that prices will remain low. If you meant something different please explain. |
I quoted myself saying 'oil prices are dropping through the floor'. You can read into what you feel I might have been implying as much as you wish. It's simply your interpretation of what you thought I meant.
The fact is, prices have dropped and nobody knows when they will pick back up. It could be a month. It could be three years. No contradiction there.
So... prices are dropping through the floor and people are considering spending their own money on a training course run by a multinational corporation with no guarantee of work at the end, in an industry that globally might well be laying people off by the thousands next year.
Lets be clear here.. the signs are not positive for 2015. You'd need to be off your trolly to spend 12k on an ROV training course right now, or at all for that matter!
| maswov wrote: |
|
I understand that contract will be cut by the oil companies and there will be less work, but that really doesn't have anything to do with why the prices drop or how long they will remain low. From what I understand the reason for the drop in the 80's was primarily due to reduced demand with the increased use of natural gas and nuclear power, and that the average fuel economy for cars increased by 30% from the late 70s to the early 80s. The recent price drop is mainly because Saudi lowered prices without reducing production, not sure why but seems logical that they want to hurt the fracking industry, which the increased production from that also had an effect on prices. Also, economic growth in China and some emerging economies has slowed reducing demand. Maybe it will take 10 years to see the prices increase, but circumstances are quite different today than 30 years ago. |
It doesn't matter what the underlying cause is for the drop 30 years ago or now. Not something I can be bothered to debate with either.
Facts
The price is down, offshore companies are jittery, Oil co's are cutting back on construction/exploration. On the latter, a vast amount of OI's work is drill support (rig, not vessel based). They will likely have many systems laid up doing bugger all if the price stays depressed. So, there is a good chance that the very company doing the training will have a dwindling requirement for ROV techs in 2015 in the short term.
| maswov wrote: |
|
And I accept your challenge, when I am at the level of a Sr offshore rep, we will discuss the terms of your retirement. |
Hah! You have to be kidding me.
You may bump into me when you are a drill support ROV tech, but I doubt that as I haven't worked on a Rig for about 15 years and am not likely to do so ever again. If you make the grade and eventually shift to ROV construction DP vessel operations, then maybe. As for discussing the term of my retirement so that you might fill my position.. no chance of that happening as I'll be long gone from this game by that point..... in a far distant time.