Easy come easy go. There will be many layoffs soon if prices dont improve soon. Eng always volatile.
Soon? Some have already happened. I know folks from several of the exploration companies that have been affected. And the effects don’t stop there…
My school, the University of Oklahoma, canceled its annual geological sciences/ petroleum engineering career fair this year, and a number of students have had internship offers retracted. However, there are many reasons to believe that this will only be a short period of instability for the American oil sector.