This trend is hurting me directly since our company sells sensors used in offshore oil exploration. No drilling, no need for further exploration. Our little company is severely affected. We were producing 500 sensors per month until last Dec. We’ve only produced 500 in all of 2015 with no orders on the books. Ouch!
This drop in prices hurts most any company that sells their product and services for new oil production equipment and services.
Have that 500 sold, or are they in inventory? In any event, it sounds like some very hard decisions are going to need to be made to salvage anything.