Monday, April 30, 2007
how the crisis is affecting me
Sent: Sunday, April 29, 2007 11:02 PM
Subject: how the crisis is affecting me
well, working in the Alberta oil patch in Canada, the crisis hits home for one who makes his money directly off petroleum resources. I haven't worked in 3 weeks, and the rumor is that only 10% of drilling and service rigs are working right now. Sure, during spring time work stops here for a while to let the ground dry up to move heavy equipment on and off locations, however, predictions are dire. every employee of other services i.e. test crews, service rig hands, wire liners, consultants, even sales people are predicting massive lay offs, and less money in the hands of the workers than we have ever seen. i wonder if there is more to it than a lack of oil, are the oil companies purposely fixing the system to raise prices? to choke the
services into charging cheaper rates? who knows? hey i'll be checking up with you all the time for updates!