[thackney]

and, in the end, only the Saudi's will have suffered.

Fairly sure at this point you are not one of the industry.

Lots and lots of people out of work. Lots of business struggling to survive. Some won't make it. Some are already gone.

And Saudi isn't "suffering" that much besides depleted cash reserves, while they have increased their drilling and other investment for larger future production. Now Venezuela, Nigeria, Angola, etc, they are really suffering at this time. They brought most of it on themselves, so I don't feel sorry for them.

[RoosterRedux]

Lots and lots of people out of work. Lots of business struggling to survive. Some won't make it. Some are already gone.

And I am so sorry about that. But the industry is still alive...in the ground. While the people out of work may not recover, the industry will.

So in the end, the Saudis only hurt the people and investors.

[RoosterRedux]

I used to cover the oil and gas industry as an an investment banker (small part of what I did).

Macro level, I know--and not sensitive to the human tragedies--but one can't have everything.

The jobs are still there...just waiting. They will return and so will companies to drill and frack.

All Saudi's did was sell their oil too cheaply.

We still have ours.

[Undecided 2012]

thack I agree, I live in Texas and see pain in lots of places and I live in East Texas. I’m sure Eagle Pass and the west and south are emptying out as I speak. So to the Bakken. The man camps are way way down in occupancies. Sadly construction of apartment developments take time. Construction sites in ND are being walked away from.