Signs Of Job Creation and Positive Activity !

fordy · #1 01/19/10, 12:45 PM

............I have good news too report ! Article in Ft.Worth paper says Chesapeake Gas Co. Is increasing the Rig Count from 20 to 30 ! Most rigs had been moved too other areas of activity , but they will be bringing some Rigs , Back too the north texas area !
............What this means.......The money spent on drilling wells reaches out too Every sector of the economy , there Will Be More trucking driving jobs from Moving Rigs too the guys who service the Porta Potties !! Another article said Texas will the first state too begin a Discernable recovery .
.............Further , Increased Drilling activity in the Gas bearing Shale zones should ALSO increase in the other 4 geographic areas as well , i.e. , tex-louisiana , arkansas , pennsylvania-new york , and maybe west texas as well . So , for anyone who has previously worked in the oilfield , you should really investigate the upcoming possibility of job creation in this line of work . , fordy

PhilJohnson · #2 01/19/10, 12:58 PM

That's good for Texas

If NAFTA was ended though I would definitely be saying that is a positive sign for a real sustained recovery. Just last summer another factory shut down down in a near by town. They moved production to Mexico. When I see stuff like that I have little hope for an actual recovery.

MoonRiver · #3 01/19/10, 01:00 PM

I sure wish that the administration and EPA would ease up a bit. Drill, drill, drill might just be the way out of this mess.

geo in mi · #4 01/19/10, 01:05 PM

Can we send some of our unemployed auto workers down your way?

Wolf mom · #5 01/19/10, 02:39 PM

DS in Atlanta says a fewmore orders are coming in. He works in IT and his company laid off most workers.

TheMartianChick · #6 01/19/10, 03:28 PM

In New York State, there is a lot of opposition to the hydrofracking/gas wells.

txquilter · #7 01/19/10, 04:53 PM

Keep in mind that increase in production does not necessarily mean an increase in jobs. What I've seen a lot of in the past few months is that companies are increasing production with the reduced man power to increase profit margins.

beowoulf90 · #8 01/21/10, 07:58 AM

Glad to see someone with some good news..
We were told on Friday, Jan 15, 2010 that everyone is taking a 5% pay cut, we will no longer have our dental, short term disability or our life insurance.
They company will no longer match funds for our 401k's. This is just the short list of the hits we are taking..

We haven't seen a pay raise in over 2 years, now we are losing money.. Yet the taxes continue to go up to fund the the ever increasing State and Federal Government..

I know that before the housing bubble burst they raised my property taxes to get more money, but now that property prices have fallen, they refuse to lower the taxes.. There is always some darn excuse as to why they need the money... I wonder why only government workers are the only ones who continue to get raises and a guarrentied(sp) pension and raises while the rest of us continue to suffer...

Sorry for the rant.. I'm just not a happy camper right now....

foxtrapper · #9 01/21/10, 08:45 AM

They aren't adding rigs, they are moving rigs. That's not the same thing at all economically. Every job you folks pick up are jobs lost by other folks, who live and work where those rigs are situated right now.

anniew · #10 01/21/10, 09:25 AM

I hope you keep the rigs in Texas.....I'm tired of all the "traffic" from gas stuff in my area...thank you.

barn-apart · #11 01/21/10, 09:29 AM

Drilling and production are very different in manpower reguirements.
Also rigs may be presently stacked out ,so any increase in drilling activity will result in more employment and these jobs generally pay well.
We should be pleased that these jobs are comming in and encourage more in all fields.
At least this is one area the government can't ship the jobs overseas.

texican · #12 01/21/10, 09:40 AM

Quote:

Originally Posted by fordy

............I have good news too report ! Article in Ft.Worth paper says Chesapeake Gas Co. Is increasing the Rig Count from 20 to 30 ! Most rigs had been moved too other areas of activity , but they will be bringing some Rigs , Back too the north texas area !
............What this means.......The money spent on drilling wells reaches out too Every sector of the economy , there Will Be More trucking driving jobs from Moving Rigs too the guys who service the Porta Potties !! Another article said Texas will the first state too begin a Discernable recovery .
.............Further , Increased Drilling activity in the Gas bearing Shale zones should ALSO increase in the other 4 geographic areas as well , i.e. , tex-louisiana , arkansas , pennsylvania-new york , and maybe west texas as well . So , for anyone who has previously worked in the oilfield , you should really investigate the upcoming possibility of job creation in this line of work . , fordy

What Recovery?

My part of Texas is booming... a little less booming than year before last, but still booming... employers have been beg, borrowing, or stealing employees for at least three years now.

Our local county usually doesn't stop when the country as a whole goes into a swoon....

PhilJohnson · #13 01/21/10, 09:41 AM

Quote:

Originally Posted by barn-apart

At least this is one area the government can't ship the jobs overseas.

I think you have the government confused with greedy corporations. Easy mistake to make I know

beowoulf90 · #14 01/21/10, 01:12 PM

Quote:

Originally Posted by PhilJohnson

I think you have the government confused with greedy corporations. Easy mistake to make I know

Not when it's the greedy government doing the taxing!

stanb999 · #15 01/21/10, 03:17 PM

Least we Pa people need not worry about drilling environmental concerns. Fast Eddie has dollar signs in his eyes. So it will all be good.

PhilJohnson · #16 01/21/10, 03:48 PM

Quote:

Originally Posted by beowoulf90

Not when it's the greedy government doing the taxing!

I don't like taxes much myself but compared to most of the world corporate income taxes in the US aren't that bad. They stand between 15 to 35 percent plus there is no VAT (VAT is usually paid by companies producing the products). China has a corporate tax rate of 25 percent and a VAT of 17 percent, Mexico has a 28 percent tax rate and 15 percent VAT, and India has a 30 to 40 percent corporate tax rate with an additional 12.5 percent VAT. Those are the big three countries that are the recipients of our outsourced jobs. The reason for going off-shore has nothing to do with taxes since all three of the above countries have taxes equal or higher tax rates than the US. I drove through many areas of the Upper Peninsula of Michigan advertising free land and no property tax to any business willing to hire a good number of people yet there is not a flood of businesses willing to relocated or start up in that area.

Since the other three listed countries listed have very little in the way of labor laws or environmental laws and in the case of China deliberate currency manipulation these reasons would be a very attractive reasons for someone to relocate a factory. If folks here would be willing to work for peanuts and not mind having no access to potable water factories in the US could be just as competitive on prices.

As much as I would like to say things are getting better I have absolutely no faith for a stable recovery. Outsourcing, illegal immigration, and the constant push for higher debt loads via cheap credit have not been addressed. A lot of folks would like to pretend things like trade deficits don't matter but one can not have an economy that will grow when they are exporting more money than they are taking in. The higher debt loads that most folks carry now is directly responsible for most of the economic growth the USA has enjoyed.

barn-apart · #17 01/21/10, 05:27 PM

If the buisness regulation was favorable to buisness they would be fools to export the jobs.
I don't believe that major corporations are generally lead by fools.
If the buisness stucture is better in the US. than the other countrys there is no way investers would finance importing their products.
The jobs go overseas because there is higher profits.

PhilJohnson · #18 01/22/10, 12:30 PM

Quote:

Originally Posted by barn-apart

If the buisness regulation was favorable to buisness they would be fools to export the jobs.
I don't believe that major corporations are generally lead by fools.
If the buisness stucture is better in the US. than the other countrys there is no way investers would finance importing their products.
The jobs go overseas because there is higher profits.

I won't argue with the fact that companies who outsource make more money but it has nothing to do with the "big evil anti-business" US government and more due to the fact that most people in this country won't work for a buck an hour under deplorable working conditions. Labor is usually the biggest expense for businesses. You pay people a tenth of what the going market rate in this country is for labor of course it'll equal more profits.

Would you be willing to relocate to an oppressive country such as China and work for peanuts? Would you be willing to live somewhere where making dinner rolls out of cardboard is okay, hair being added to soy sauce as a thickener is perfectly fine, lead paint is used on children's toys. How about not having a source of clean water or breathing in air that is so polluted that without a cloud in the sky you can't see the sun? If you say no than you are being anti-business. Those things that I listed are all true and do nothing but increase the bottom line of a business (except for the oppression of the people).

Things would be much cheaper if one could simply dump toxic chemicals onto the ground and pollute ground water. It would increase profits. Things would be cheaper if we didn't need things like workman's comp. If someone gets hurt on the job it would help out the bottom line of a company to tell them tough luck. Definitely more business "friendly".

I don't like how companies don't want to play by the rules here in this country yet they have no problem with making money here. What happens when there is nothing left to employ people and the few jobs that are left pay next to nothing? What will happen to all these companies when vast amounts of people here in the US have their living standards reduced to a third world country? In their greed they are biting the hand that feeds them.

barn-apart · #19 01/22/10, 08:31 PM

Who sets the regulation for imports? All the evil companies or the government? If the playing field is level I don't think there are too many Americans that wouldn't compete. But maybe I have more respect for America and don't try to degade her at every oportunity.
Put tarriffs on the imports that do not follow the same regulations that are placed on our own companies. Then those companies will come home beacuse there will be a oportunity to make money here.

txquilter · #20 01/22/10, 09:10 PM

"In the week ending Jan. 16, the advance figure for seasonally adjusted initial claims was 482,000, an increase of 36,000 from the previous week's revised figure of 446,000. The 4-week moving average was 448,250, an increase of 7,000 from the previous week's revised average of 441,250."

The above quote is direct from the Department of Labor website. With numbers like these continuing I really don't see any positive movement toward getting out of this mess. We're still averaging almost half a million jobs a month - unbelievable.