It’s going to put a big hurting on the oil patch, the layoffs have allready begun and the potential job losses coming will be significant.
One of our biggest customers who is a mid size company, but with a global reach, is forecasting a 70% drop in business for this quarter at a minimum.
There layoffs will be in the thousands.
But it’s okay, because us oil and gas folks are just greedy bastards.
Sadly we may wind up coming out of this with only the big players in the patch. It will be ugly and innovation will lose traction.
There layoffs will be in the thousands.
But it’s okay, because us oil and gas folks are just greedy bastards.
Really sorry to hear that. One of few bright spots of the obama economy was your sector. It’s hard to see anything postive post Wu Flu Panic. We are going to be reeling with a totally nuked economy.
Yep, even with gasoline at $1.50 a gallon, there are people on this site who still think they are getting ripped of by the evil oil companies. The same people who pay more for a gallon of milk. Or a case of bottled water.
Sad isn't it? Most Americans have no earthly idea how much their lives have been made more comfortable and free by oil products. Big oil has been an easy target to demonize all these years but the ones making the most money off of a gallon of gas are the ones doing the insults, government.
Here's a good song about the value of oil in your life. In fact it makes the point that your life literally depends on oil.