Replies to This Discussion

Permalink Reply by Joe Aldridge on June 20, 2011 at 16:38

Herman,

Yes, I do remember the 80's. We had a business that was located in Belle Chase and the same thing happened down there. One day you saw the guy driving the Rolls Royce and wearing the Rolex and the next day he was gone. Things kind of collapsed all of a sudden. I still think that the Arabs and the Majors created that situation to put a lot of competition out of the business and consolidate the industry. Just my conspiracy theory.

You can friend me on here and then we can email off of the public thread. 

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Permalink Reply by Two Dogs, Pirate on June 20, 2011 at 16:59

Joe, I think that the same thing happened in the late 1990's but I am with you on tending toward the conspiracy theory. That may have been their last hooraa. In my opinion, they don't have the extra oil to flood the markets with today as they did back then.  They bankrupted many good mom and pop operations and they deserve the rath of hell for doing it.

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Permalink Reply by Herman (Chuck) Plonnigs, III on June 21, 2011 at 1:55

Joe and Two Dogs…I sincerely appreciate the “conspiracy theory” concept. Finally after 30 years I no longer will need to feel guilty about that situation. I had just completed Mud-engineering school in Houston and moved to Lafayette. I was working offshore (about 6 months). I made it through about 2 to 3 cuts when they (IMCO) called me into the office. They informed me to stay by the phone as they had spent too much time and money on me to loose me. You know the standard stuff. Have yet to hear from them.

 

I had previously been a mud-logger in Texas on rigs drilling into the Austin Chalk. Back then shale was a pain as you were required to weigh up the mud as you were going to get a “kick” when you hit the stuff. Had porosity but no permeability and was way before hydro-fracking.

 

Every well I worked hit the chalk but none were produced at the time. As I remember oil had dropped below $30 a barrel and it was costing $30 a barrel to drill.

 

Joe…I’ll have to refigure how to friend somebody but until then I can be reached @ hplonnigs@suddenlink.net.

 

Talk to you guy’s later.

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Permalink Reply by Joe Aldridge on June 21, 2011 at 2:47

Chuck,

Go to "My Page" at the top of the home page. Click on it and you should see an invitation from me to be a friend. Click on "Accept" and that's it. 

Permalink Reply by The_Baron on June 21, 2011 at 2:53

My conspiricy theory was that Reagan convinced the Arabs, to flood the market in order to collapse the price of oil and bankrupt the Russians, who relied heavily on oil exports to fund their massive weapons programs. IT worked.

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Permalink Reply by Two Dogs, Pirate on June 20, 2011 at 16:39

Thanks Chuck, and I don't think that I would ever tell someone to shut up that is asking good questions. I am always for the underdog and if you can pull it off with your idea then more power to ya. Keep me informed and if I can help, please feel free to contact me.

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