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Started By
Message
re: Oil Field Rumblings
Posted on 11/10/16 at 6:22 pm to Douboy
Posted on 11/10/16 at 6:22 pm to Douboy
quote:
Demand will. Let's get the economic engine running again. Infrastructure projects would be a huge help.
This sounds a lot like the artificial creation of demand. Bad idea. The ME countries are just going to arse frick the oilfield guys again anyways.
It's time to face reality.. coal is dead and oil is where it needs to be.
1
Posted on 11/10/16 at 6:35 pm to bmy
I work in project controls in major projects for a major US refinery and project spending is very flat in 2017. And I have friends in upstream (2 different major oil companies) that are hearing the same things.
I'm getting laid off and moving to another major oil co soon. I'm hearing it will probably be 2-3rdqtr next year before it picks back up. Hoping at least.
I'm getting laid off and moving to another major oil co soon. I'm hearing it will probably be 2-3rdqtr next year before it picks back up. Hoping at least.
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