re: I heard layoffs happened at Schlumberger today

I don't know why you're explaining it to me. I'm well versed in the O&G industry. I had family with a lot on the line in this industry.

There are going to be stupid people making huge cash & subsequently spending it like it would last forever; they aren't bright. That's understood from my end.

My question is why are non-O&G people seemingly often upset about O&G highs when they are also more likely to experience the associated lows of a volatile industry? There are a good number on here who are upset at these "such vastly overpaid salaries" but conversely are so quick to tell people to pound sand when things aren't going well.

Risk/reward & all that. Those that can effectively manage the risk associated with the O&G industry should reap higher profits than less volatile & risky industries.