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anecdotes always trump statistics.
two things BD.
1. I just confirmed that my buddy who works in the oil field down in eagle ford gets health insurance through his employer.
2. He makes far more than enough money that, should they not offer it, he could buy his own personal plan.
anecdotes always trump statistics.
Fair point BD. Please direct me to the statistics which show that all oil field subcontractors do not offer insurance (or pay so poorly as to make it impossible for a man to buy health insurance on his own).
Idiotic blanket statement:
Destoryed:
The Goal Post Move:
This is not unusual in extreme boom cases. Infrastructure always lags a boom environment.
This, apparently, is news to the NYT.
It's been common knowledge in my neck of the woods for bout, oh, 100 years or so.
You are kinda killing your own argument about the political bent of the US media. If they are so far left, why then AREN'T these others carrying this story about evil oil?
Just as soon as thinkprogress .borg cooks some up.
Logic sucks, eh WC?
I like having backup vocals!
I kid, TB. Better to have your support than your opposition.
I read where builders in Eagle Ford are having difficulty getting construction loans due to the lenders knowing that after the boom, the bust leaves the lenders with a bunch of foreclosed, underused buildings.
Why let facts get in the way of a good story? Let's just pretend they all make minimum wage and are being exploited.
Delicious sauce is delicious.
Doo- ing-wop, baby.
Doesn't this make business sense? Where are you going with this?
It's actually not true Drach. Loans are quite plentiful in the yet to be tapped Cline Shale find. Builders within a proven reserve like Eagle Ford are not having problems attracting loan traffic.
I was running under BDs assumptions that the banks' actuarial departments had determined that loans in a oil boom area are riskier. Even then, there is money to be made and it would stand to reason that they would make the money available, but at a risk premium that satisfies the concerns of the bank.
Akin to intellectually running with scissors. Probably a real stupid idea.
I really enjoyed the first page of this thread when WC and Boutons were going back and forth. That is hilarious when those two argue.
Well I had already gone against my stated decision not to engage BD due to its Anti-Icarus effect. Perhaps my running under his assumptions was the after-effect of mildly engaging him.
I thought the vast increase in debt is what the story is about, and frankly, I think it's alarming.
Extreme (economic) boom normally brings extreme prosperity...
Like I said, there's always a lag. When the local taxes get factored, support services improve. All of this doesn't happen at the same instant.
Fair enough
When oil was found in my home town, population grew from 4,000 to 30,000 in less than one year. People lived in ing tents and boxes not because they were poor, but because there was nothing else available.
Fair enough
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