Oh there will be a lag and a sharp spike in prices that does it. After seeing a shark the swimmers are reluctant to trust the water.
It took two years in ‘98 / ‘99 and then along came 9/11/01 and it went down all over again. Took until 2004 for things to get better again, again. I made a great deal for a drill ship in early 2004 that the contractor did all he could to get out of because the market was rising so fast. Before that, not so much.
Those were long and lean years again. Looking back over 40 years there have been more lean / sluggardly years than there have been good ones. It is a brutal industry and a risk industry for everyone involved. That is why it pays so well when it is good.
Steady would be much better but it never happens. It is always like a gold rush or a busted boom town.
“Those were long and lean years again. Looking back over 40 years there have been more lean / sluggardly years than there have been good ones. It is a brutal industry and a risk industry for everyone involved. That is why it pays so well when it is good.
Steady would be much better but it never happens. It is always like a gold rush or a busted boom town.
“
That mirrors the 41 years as an engineer in the industry.
Laid off after 27 years with a major.
Finally retired this year while I could do it voluntarily.