Thread regarding Halliburton Co. layoffs

Halliburton will shrink in 20 years.

According to Bloomberg :"By 2040, electric cars could make up 57% of all passenger car sales worldwide, the report found. That's up two percentage points from BNEF's 2040 projection last year. Electric vehicles will make up a similar percentage of light commercial vehicle sales in the United States, Europe and China within that time, BNEF predicts." With every Telsa on the road the demand for OIL goes down. Right now the impact is negligible but it will be significant in the future, Halliburton will keep on shrinking. By the way, the head of technology at North Belt drives a Tesla. That tells you everything.

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Post ID: @OP+16eJGauT

10 replies (most recent on top)

What’s shrinking is my bank account. Come on Halliburton!!!

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Post ID: @nuei+16eJGauT

Halliburton's head count at the end of 2019 was 20% less than it was at the end of 2015. The customers want cheaper service and the oilfield service companies will give it to them via new technologies and fewer warm bodies. It the same in every industry. S— IT UP.

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Post ID: @9bcg+16eJGauT

Halliburton's head count at the end of 2019 was 20% less than it was at the end of 2015. The customers want cheaper service and the oilfield service companies will give it to them via new technologies and fewer warm bodies. It the same in every industry. S— IT UP.

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Post ID: @9wvz+16eJGauT

They are called helicopters and aeroplanes.

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Post ID: @6suk+16eJGauT

Weren’t we supposed to have flying cars already?!? I’ll believe it when I see it

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Post ID: @6guk+16eJGauT

It already shrank by 60%. From 35$ share price to 14% share price.

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Post ID: @2dpb+16eJGauT

So what. Do you want him to drive a gas guzzler Ferrari? Oil and gas is supposed to be autonomous in coming years with manless rigs. And a reality of autonomous technology is the Tesla car. His drive everyday reminds him where Halliburton should have been but thanks to past leadership of treating technology for a namesake, restricting project budgets, complete holy-fk and key exits due to c—y operations brats.
We are late but we will be there. The mis-management is still going on in areas who to kick and who to keep.
Technology is supposed to help the organization bring the best products and assist the organization in the full life cycle of the product. And they have gotten much better than before in understanding operations problems.

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Post ID: @dyh+16eJGauT

It will happen but it will be more like 50 years. Even the fast charge stations take 30min and that’s only to get you 100 miles or
so. Until they can create a charging station that can fill the battery up from empty to full in 5min or less with a 400 mile range and put them everywhere even out in podunk nowhere it won’t be a reality for the overall global population. Maybe Europe but not really anywhere else. The other land masses are just far too large. Also what are we gonna do with all those toxic lithium ion batteries that go bad. You cant just throw them in the landfill. Even then, what do people think is used to get the electricity to your home, business, charging station, etc... Oil does. So what would happen is our power grid would have to dramatically change to support all these new chargers. And when that happens the oil will just be reallocated to aid that.

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Post ID: @nuh+16eJGauT

You do know that petroleum is not only used in cars right? I will worry if there is a Tesla plane coming up

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Post ID: @tlt+16eJGauT

thats 19 years away, no chance, simply not the infrastructure, how do you charge a car from apartments, every fuel fill will take hours rather than minutes if you use re-charge/ fuel stations,
This might be what they would like but it will not happen in that time scale.

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Post ID: @gjh+16eJGauT

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