Tuesday, April 21, 2009

When the bad economic conditions hit home......

Yep, I had a different post I was planning on posting, but life gets in the way sometimes. 

The downturn in the economy has finally hit home. Everyone has heard about the price of oil going down. That is GREAT for the price of gas, bring on the $40.00 FULL tank of gas!  It has effected the oil companies in a completely different way, their stocks have plummeted (along with many others) and they have been forced to shut down a lot of existing rigs in our area, and plans to put up more rigs have been put  on hold. In turn it has lead to a lot of lay-offs in our area. Jay works in rig support, on the motor controls and plc's (the motorized electrical components of a rig) not on one particular rig, but on several wells in our area. This meant that they could shut rigs down and still need him. Instead of having 8 rigs to provide support to he would just have less. We had avoided the first few rounds, and there was a little hope. In Dec or Jan they "think" that the rig count will begin to climb. 

We had held onto that hope till Monday. His area was down to 2 rigs, within just a few miles of each other. Recently he has had less and less work. More just going and checking on those two rigs, trying to prevent a problem from happening.  Jay got a call Monday morning that he needed to come into the shop to meet with his boss, and his bosses boss. Not good. I knew when he called me and told me about the call that the likely hood that this meeting was a good one was very small.

So the falling price of oil, the downturn in the economy, and the lowering rig count finally got us. Jay got laid-off on Monday. We don't know what is next, he is scrambling to find a job, just a job to pay the bills. Thankfully he has an unlimited electrical license, so he can go back to that for awhile. He has sent his resume to several places that deal in the motor control/plc area. It would take more time to get one of these job, so the interim job is what he is trying to find now.

Sorry this post is kind of a bummer, and not the normal happy post, but it is what is going on here.  I think I will go outside with the kids, enjoy the nice weather, and try to remember what it feels like to be a kid,and not have to worry about silly little things like jobs.           =)

12 people showing some love:

Dawn said...

Yes, girl, you need a GNO AND margaritas!!

I'm so sorry! I'll be praying something better comes his way. =)

Reeni♥ said...

Oh honey I'm so sorry. I'll be praying and hoping everything works out for the best. Hang in there! Hugs.

Caitlin said...

I'm sorry to hear that! We'll keep our fingers crossed for him (and you!)
That is just so sad and stressful!
I'm sorry!

Momisodes said...

I am very sorry to hear. This is becoming far too common of an occurrence. I can certainly relate to the overwhelming fears and emotions that come with this news.

Please know that I am hoping and praying that something pans out for your family very soon.

DetJessandalltherest said...

Everything turns around eventually! Hang in there!! Luckily you are money savvy anyway ;) you make Suze Orman proud, I tell you!

Connie Weiss said...

I am so sorry! Praying that your hubby finds work soon. Stay positive!

Gloria Chadwick said...

Hope everything works out okay!

Julia said...

I am sorry to hear about this. It is getting harder and harder to make ends meet. We are scraping by and if things get worse we will have some dire consequences too. Thank goodness your husband has other abilities to fall back on. I will be sending my good and hopeful thoughts.

{Katie Lane} said...

That sucks. Hope things work out. But I have some good new! I selected you to be tagged on my blog.

Tanya said...

I'm sorry, my hubby got laid off a few months back, it can be scary, especially now. Good thing he has his electrician license.

Anonymous said...

You guys are in my prayers, Amanda...losing a job is never good, but when you have little ones, the anxiety goes through the roof. Lean on faith...God (and great family & friends) will get you through!

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