As for the question?
Are they doing everything possible to keep as many people working and families fed?
UNQUOTE
What do you think? I suspect they will squeeze the last penny out of desperate service companies who would tell you they are not sure if they are covering the costs with what the oil company has said they would pay or else find someone to do the work for less.
And the drilling company either works for half or less of peak prices a little over a year ago; job shares,lays off, no overtime; one rig out of a dozen working
(in some cases); selling assets at auctions; cut up 18 rigs for scrap; go on unemployment; little work and so on.
And as for where the millions and billions (also thousands and tens of thousands went.......its gone.....pissed away....leveraged....gambled on fancy houses or toys.....whatever.....but long gone.
Such is the way of human nature and business.
All a case of history repeating....which it will again and again and again.; with casualties at each itineration.
But this repeat of history involves a deliberate government attempt of forcing major changes which could very well create new third world countries and ruined provinces at disadvantage very bad timing; being in the wrong place and circumstances well beyond anyone's control.
Are they doing everything possible to keep as many people working and families fed?
UNQUOTE
What do you think? I suspect they will squeeze the last penny out of desperate service companies who would tell you they are not sure if they are covering the costs with what the oil company has said they would pay or else find someone to do the work for less.
And the drilling company either works for half or less of peak prices a little over a year ago; job shares,lays off, no overtime; one rig out of a dozen working
(in some cases); selling assets at auctions; cut up 18 rigs for scrap; go on unemployment; little work and so on.
And as for where the millions and billions (also thousands and tens of thousands went.......its gone.....pissed away....leveraged....gambled on fancy houses or toys.....whatever.....but long gone.
Such is the way of human nature and business.
All a case of history repeating....which it will again and again and again.; with casualties at each itineration.
But this repeat of history involves a deliberate government attempt of forcing major changes which could very well create new third world countries and ruined provinces at disadvantage very bad timing; being in the wrong place and circumstances well beyond anyone's control.
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