Quote:
Originally Posted by Danzig
actually just had someone leave me office who isn't happy about it. he and his whole crew were laid off from a rig a couple months back due to the lower prices. so yes, price wise it's great....for their employees, not so much.
|
Exactly this. Big Oil is scooping up the smaller operations left and right as they shutter due to the inability to stay afloat due to the depressed prices they are getting for their oil. The deeper pockets are taking a small hit in comparison, but will benefit exponentially once the pendulum swings back the other way.