rigs keep dropping off

[Klause]

CAODC rig counts are dropping by the week... However US counts are steady so far...

Gonna be an interesting winter.

[cottonpicken]

Permits are down 40% in one month.

http://www.reuters.com/article/2014/12/02/us-usa-oil-permits-idUSKCN0JG2C120141202

[tweety]

It'll be great to see wages/cost come back in line. Price distortion by ridiculous prosperity for a few is never a good thing.

[Horse]

tweety. x5

[BTO_farmalll]

Well Claas,


Looks Like you'd Better Fire Up That Old FreightShaker!!!!!!! Gunna Be Hauling Grain South All Winter Again!!!!!!!!


http://www.kijiji.ca/v-farming-equipment/moose-jaw/super-bs/1024048928?enableSearchNavigationFlag=true

[cottonpicken]

Makes you wonder with such steep decline rates along with tumbling oil price and fewer new holes being punched to offset the declines,what could happen.

[ALLFARMER]

Ya investing in oil is like trying to catch a falling sword.

[TASFarms]

It's hard to get rid of the oil right now. Big line ups at the pipeline. Why drill more. This pipeline in sask is maxed out.

[cottonpicken]

Moving part of Errol's discussion up to here.

This political nonsense is going to really hurt western canada if it goes on for any length of time,i've heard numbers as long as 7 years.Barrons is talking 35$.

Some of you seemed almost happy the oil guys may get hammered.

[blackpowder]

Well over half the traffic on many rural highways here is patch related. Rural jobs as well. Corrections are great. Expectations are definitely too high.Just Be careful what you wish for.
Would it make a difference if you paid your help $20 or $30 an hour?? If he was qualified and capable and careful?

[fjlip]

"Some of you seemed almost happy the oil guys may get hammered",
Do they feel sad when grain/oilseed get hammered, like every year?
No commodity is immune to the whim of billionaires who make $$$ going up or down. There is no profit without price change.

[Braveheart]

I'd rather see the oil patch prosper. It supports a lot in those rural communities including tax base, jobs, community projects, and has helped a lot of young farm people gather up some capital to help start farming.

Why do we have to worry about how anyone else feels if farm commodities suffer? We can look after ourselves.

[fjlip]

And oil patch can't? They better figure it out then. Just stating facts, no emotion.

[Braveheart]

I don't hear them whining. The smaller operators are maybe shutting down. Bigger or more efficient companies are still punching holes.

It's the posters on here cheering some other industries tough times that made me comment.

[foragefarmer]

Braveheart

It's funny how the oil patch was prospering at $60.00 a barrel pre Katrina. Now the sky seems to be falling for them as the price returns to the $60 price again. Look at grain prices from 2007 to now, have they changed at all?

Maybe the oil company's should do a little budgeting and cost cutting like every other business does when times get tough. The oil companies have had one hell of a run for the past eight years. They should have built a huge rainy day fund in that time period. That goes for anyone working in the patch as well. Nothing can keep going up, especially commodities.

I won't even get into what the cattle producers suffered from 2003 to 2012.They had to make ends meet to survive.

I for one know grain and oils seeds have not had a eight year run, and yet many farmers have to adjust, and do one hell job at it.