“Companies often lay off workers after making big purchases.”
So they wrote a story about nothing?
They usually hire back many "friends and family" when the dust settles. It's just the way things are.
With secure, high wage jobs...It isn't about WHAT you know
in the petrochemical industry, it's about WHO you know.
Leave it to the Marxists at the NY Times. There are, no doubt, plenty of Times articles escoriating the evil, rich oil companies and their high, price gouging energy prices.
"Mediocre Oil Prices"
Most of us would call that the free market at work. We can also celebrate, except for places like the People's Republic of Kalifornia, the less expensive energy prices.
I share with you this search result: Nov 22, 2022 — On President Biden's first day in office, he shut down the Keystone XL pipeline and eliminated 11,000 good paying American jobs with the ...
I’ve been there and I’m glad I’m out! Glad? No, Overwhelmed with joy!
I spent 40 years in the oil field. 20 or more of those were layoff years. I worked every day I wanted to and a lot I didn’t want to because there was nobody else all the years and was often the last man standing but it was very hard. I went for nearly a decade without vacation and few days off. I also went for years at a time with paltry or no raises.
If you want to be in the oil business go into refining. Base hits almost every day for decades. Slow, sure, dull but it will get you to the end. Drive the delta or any of the refinery areas along the Gulf Coast. Lots of very nice houses with nice boats and cars. Refinery or chemical plant workers for the most part.
The woke DEI mandatory classes have been canceled world wide. Your services as pronouns principal in the refinery are no longer needed. Bye Bye
But, unfortunately, while oil may be at ~$64 a barrel, gas is still $2.50 or so a gallon.
Related (ahem):
Landman season 2 premieres 11/16.
This is “drill baby drill” (really “merge baby merge”) and “bribe the Saudis to flood the market,” in action. You actively suppress commodity prices long enough and the folks who will pay the price are the rank-and-file engineers, geologists and operations guys trying to feed a family and build a retirement - usually the older ones.
It has always been a boom and bust business, but if you want a healthy domestic energy industry, product prices have to justify keeping people employed. The price pendulum will swing back, as it always does, and there won’t be enough people left who have the knowledge and experience to find the new reserves needed.
Trump doesn’t seem to understand that a viable domestic energy industry requires a fair market price for oil and (natural) gas.
Usually duplicate administration personnel.
As violence falls in Iraq, cemetery workers feel the pinch
Excerpt:
A drop in violence around Iraq has cut burials in the huge Wadi al Salam cemetery here by at least one-third in the past six months, and that's cut the pay of thousands of workers who make their living digging graves, washing corpses or selling burial shrouds.
-PJ