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re: I heard layoffs happened at Schlumberger today

Posted on 1/13/15 at 7:55 pm to
Posted by Double Oh
Louisiana
Member since Sep 2008
18188 posts
Posted on 1/13/15 at 7:55 pm to
Was anyone in the oilfield in 96/97 when oil was $12 a barrel?
Posted by lsupride87
Member since Dec 2007
96208 posts
Posted on 1/13/15 at 8:07 pm to
quote:

Was anyone in the oilfield in 96/97 when oil was $12 a barrel?
I wish 10 yr old me would have had the smarts to sell all unnecessary organs and turn a few tricks in order to buy thousands of shares of oil then............

Oh well
Posted by AndyCBR
Baton Rouge, LA
Member since Nov 2012
7570 posts
Posted on 1/13/15 at 8:43 pm to
quote:

Was anyone in the oilfield in 96/97 when oil was $12 a barrel?


Yep, and got out too. Nobody thought it would ever get back up over $20 again back then.

Make no mistake, these huge companies have no loyalty. It was an important lesson to learn at a young age.

I worked for Halliburton at the time. They were hiring guys out of college 10-20 at a time. These guys would move down from ND, MT, etc. and buy new houses, pay tax on their vehicles to get LA tags. 6 months later, 2 weeks pay and a handshake.

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