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The Stick
Join Date: Dec 2007
Location: Someplace Safe?
Posts: 17,328
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Found out some interesting stuff at lunch today. Several years ago an officer of the company was fired just 1 month from his retirement. It was all hush hush then. Turns out he was coming up on his retirement and when asked about retirement he said he refused to retire and they only way he would leave is they had to fire him. He was immediately fired. Understand he lost a lot of his retirement benefits because of it. Not very smart for the Treasurer of a family owned and operated company.
The guy they hired in his place immediately changed the company to an S corp and saved millions in taxes.
Also discussed one of the ventures my nephew that left the company is currently involved in. He is heading a company that is selling dehydrating all the water out of the stuff they are pumping down disposal well. Seems the process is nothing new like his company claims it is. They haven't been doing it because just the dehydrating process doubles the cost of gas and oil production AND the disposal of the solid waste is much more toxic and expensive to get rid of with land fills. The stuff people are upset about the oil production wells pumping back into the wells is stuff that came out of them in the first place. They just separate out the chemicals we want and pump the rest back into the well it came out of to help the pressure stay up to keep the well producing at the same rate. The people against fracking don't tell you that. At least that's what I was told.
The disposal wells that are only being used to get rid of waste is a little different. But still 4 times less expensive than disposing of solid waste and has less of actual environmental impact that the solid waste dumps where that stuff is just buried. That's what I've been told by the Hazmat engineer that monitors our waste streams. When we first started having to closer manage our waste streams we mopped everything to clean it up because liquid waste was so much cheaper to get rid of. Then the waste companies started mixing their solid wastes with liquid and charging the same. When that happened we went back to using industrial cat liter and only moping as soon as you got as much up as you could with the oil soak to make the waste stream the least amount of volume as possible.
Can't say the hazmat system is run by anyone that smart though The guy I know that is the professor teaching and training hazmat at the State University married one of those Russian brides, she took all his money, ran up his credit, then left him and went back to Russia.
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Richard aka "The Stick"
06 Cayenne S Titanium Edition
Last edited by RKDinOKC; 02-12-2016 at 03:44 PM..
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