Quote:
Originally Posted by "W"
The Gulf will always be safe for "production"
As long as we can sell oil and gas we will be fine , but I flew over 12 stacked rigs yesterday and that is the most there since 2011 oil spill
Chevron / Exxon / shell can still pay drilling cost vs lifting cost
All this land drilling cost lots and is mostly done by small company's that can not afforded low oil prices vs the cost to drill
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I understand that, my focus was more on future projects and the development of these fields.
Land drilling has, and always will be volatile. Anyone involved in it has been laid off at some point, come very very close to it, had pay cut, or been shifted to another position - all due to dips in oil... And those that supply the industry have had their cheeks pucker up as a domino effect.
I feel bad for the families that have to go through a job loss like that, and pray I never do. But, I'm not sure why all this seems like a surprise and we are acting like we just discovered a unicorn..
Sent