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Thread: Oil Workers in U.S. on First Large-Scale Strike Since 1980

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    Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Oil Workers in U.S. on First Large-Scale Strike Since 1980

    This time, history may be repeating itself, except there's no shortage of oil, there is a glut, and gluttonous oil refiners.

    &MaxW=640&imageVersion=default&AR-302119883.jpg

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    This call by a union to strike while oil companies stocks are tanking is equal to the call to throw a pass from the one yard line in the last 30 seconds of the game last night. DUMB DUMB DUMB!

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    So, here we go, another in the long line of Union strikes trying to cover the fact that they are demanding a 100% increase in pay, with safety concerns that are tightly regulated already...this is a major reason why Unions are bull****.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by ironhorse View Post
    This call by a union to strike while oil companies stocks are tanking is equal to the call to throw a pass from the one yard line in the last 30 seconds of the game last night. DUMB DUMB DUMB!
    Unions are dumb. This is just Darwin in action.

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by j-mac View Post
    So, here we go, another in the long line of Union strikes trying to cover the fact that they are demanding a 100% increase in pay, with safety concerns that are tightly regulated already...this is a major reason why Unions are bull****.
    This is just a spasm in the death of unions.

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by US Conservative View Post
    This is just a spasm in the death of unions.
    No doubt, which if you think about it, if they could clean up their act, and get away from this false narrative business, they may have a role in industry...Take the teamsters for example in my industry...All but gone... A shame really because there is really little to represent us in DC other than OIDA and those numbers are slipping...Thus, we get hit with the stupidest of regulation like this 30 min break bull****, among other things that sap our productivity in the name of false safety...Meanwhile, our pay hasn't changed for at least 30 years other than to go down.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Who would've thought the oil corporation leg humpers would come out if full force against a puny union.

    Shell said Thursday that profit for the period came in at $5.15 billion on a current cost-of-supplies basis—a measure similar to profit reported by U.S. oil companies—compared with $2.39 billion in the same period last year. Excluding one-time items, current-cost-of-supplies profit was $6.13 billion, up 33% from $4.60 billion last year.
    Royal Dutch Shell Profit Jumps - WSJ

    With Only $93 Billion in Profits, the Big Five Oil Companies Demand to Keep Tax Breaks
    https://www.americanprogress.org/iss...ep-tax-breaks/

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    Who would've thought the oil corporation leg humpers would come out if full force against a puny union.



    Royal Dutch Shell Profit Jumps - WSJ
    Quoting an article from well before the oil decline. Typical


    You realize, right, that oil only started dropping a couple of months ago. Of course the full year profit will hold up. It's their profits over the next couple of years which will drop, as the low oil proces will be on an entire year.

    So, let's look at Exxon and see how they are expecting to do next year - with an entire year of low oil prices:

    ExxonMobil (XOM) reported fourth quarter earnings per share on Monday that were down about 18 percent from the same period a year ago. The company was doing reasonably well until the final quarter of 2014.
    Exxon earnings:

    •2012: $8.10
    •2013: $7.37
    •2014: $7.45
    •2015 (est.): $4.28
    http://finance.yahoo.com/news/exxonm...152309337.html

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by buck View Post
    Quoting an article from well before the oil decline. Typical




    You realize, right, that oil only started dropping a couple of months ago. Of course the full year profit will hold up. It's their profits over the next couple of years which will drop, as the low oil proces will be on an entire year.

    So, let's look at Exxon and see how they are expecting to do next year - with an entire year of low oil prices:





    http://finance.yahoo.com/news/exxonm...152309337.html
    Wages are stagnant everywhere. Poor oil companies with massive profits can't afford pay raises. Poor things.

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    Wages are stagnant everywhere. Poor oil companies with massive profits can't afford pay raises. Poor things.
    Not stagnant.. Decreasing.... by a lot. When profits are decreasing by large amounts... and they are curtailing investments in future product... maybe not a great time for the union to go in demanding pay raises. It really should be common sense, as pointed out by others above.

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