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I work in the drilling data industry and have access to data as well as anecdotal observations. But there are lots of published articles e.g. [1], [2] [1] http
by hughw 11y ago
I work in the drilling data industry and have access to data as well as anecdotal observations. But there are lots of published articles e.g. [1], [2]
[1] http://www.nytimes.com/2015/05/12/business/energy-environment/drillers-answer-low-oil-prices-with-cost-saving-innovations.html?_r=0 http://www.nytimes.com/2015/05/12/business/energy-environmen...
[2] http://www.worldoil.com/news/2015/8/12/oil-at-30-is-no-problem-for-some-cost-cutting-bakken-drillers http://www.worldoil.com/news/2015/8/12/oil-at-30-is-no-probl...
- fnordfnordfnord 11y agoLook in that data and tell me how many companies are hiring. These companies are treading water. They are furlough-ing people, laying people off, getting bought by bigger companies looking for a bargain, etc, etc, etc.
- hughw 11y agoOh, absolutely. They are adapting.