Re: Oil, Gas Economics

Posted by tlak on September 01, 2005 at 14:58:52 from (66.38.86.82):

In Reply to: Re: Oil, Gas Economics posted by Oliver on September 01, 2005 at 10:13:45:

Somebody fed you a line.
Over the last 10-20 years, probably as long as Chaney had something to do about it. There was a law passed saying the Gov couldn't compete with the same type business in the private sector. So on tv they would say 1000 civilian employees would be laid off saving the Gov this much money. They didn't tell you that 5000 contractors replaced the 1000. They also had to bring the buildings up to OSHA standards. So a building the fed workers worked in for 30 years, now might get a $200,000 makeover or totally torn down. I asked the contract worker what they were paid and it was the same as the fed workers. So I asked around, how they were saving the gov money if the workers were collecting the same wage as the feds. Heres how it works. The contractor pays the worker $17@hr. but bids $42@hr. So for every man hr the contractor collects $25. I see why he would want more employees running around.

Why are your stocks not going up ten fold? The oil co makes 3-5 billion a quarter.

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