Being on some what of the front lines of the oil I can say that things aint gonna get any better soon. Another big company is laying of 82 more guys next month.
And the market is getting bad enough that the companies are laying off good employees now. Not just the lazy worthless ones. I have picked up some really solid guys in the past 3 months I had no idea even existed.
But oil companies are bracing for this to not change till 2017. One customer I have sells electrical items and in 2014 they had a working budget of 160 million for maintenance and improvements. They have gone to zero in 2016.
If oil goes to 65 to 70 per barrel things will be just fine, maybe not as good as it was at 110. One local field makes money at 12 bucks per barrel.
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