You people in oil companies are very fortunate to have a business tied to high commodity prices (at the moment). Many of your friends in other businesses will lose their jobs later in 2022 as the recession hits. But don’t think that you will be immune to job cuts in 2023 when gasoline consumers have all lost their jobs and oil prices tank.
15 replies (most recent on top)
There was never a big lay-off two years ago. Do you have the right board?
Thanks for the newsflash. Most of us forgot about the big layoffs from (checks notes) two years ago.
@9hxc+1gFxGjQE I am afraid you and many others including the so-called experts at least see a recession around the corner. The federal has drove us right into the clutches of a soon to be recession. We had to spend to a point during Covid to help people out, but those few extra trillion at the end did not help, and just think they wanted another 3-5 trillion recently. Things are way out of line like home prices and need a correction, so a recession might be a good thing out this time, but we are all going to fell a little pain. Once interest rates pick up cash will be king again. I hope people are paying attention and insulating their investments at this time. Especially those of us close to retirement.
If this economy goes into an extended stagflation people will be lucky to have jobs. Even oil companies will lay-off as the demand for the products becomes so weak because people will not drive, just like the pandemic. People in IT roles will have trouble finding other employment because of high inflation and poor performance of all sectors. So you should learn to be happy now because bad times are coming. Even if your company gives you a zero raise, a zero bonus, and forces you to come into the office 5 days a week you will do it and be happy because it is the only job available. At least that’s what my crystal ball says.
You are a id--t and deserve to be treated like the oil workers were in the 1980s and 90s when the industry had massive layoffs. That would toughen you up a bit.
Apparently Karma Troll is still monitoring this site... and still not working in the oil patch.
Thanks for the update.
Hey did we hookup at burning man?
Decreasing production at peak and increasing at trough generates the most profit. Just let the system work. Its not perfect... but its better than grand plans by egomaniacs. We are doing what we can... sorry its not good enough for you.
As for threats to 'you people' livelihoods, Operators like Oxy are largely immune from layoffs even in down markets. The revenue per head is unreal, 2M$/employee. The company doesn't lose money by keeping us on the book, its capex and writedowns that ki-l the business.
Plus we ain't month to month here. Us people can live 2-1000 yrs without a job, cause we are compensated. This contrasts to the wall street bros. 'quantitatively eased' jobs that evaporate with rate hikes or the oilfield service jobs.
Now let's all go chant 'please god give me one more...' while you pi-s off and go save the world with crystals enhanced by the light of the child's eye.
Most oil workers laid off in 2020 are still looking for jobs.
OP an id--t or what? Where was the concern when prices were in the dump and we had layoffs in the industry.
Go eff yourself pal.
Is dat you Follow This?! Still bu-t hurt about your loss last week?!
Where do I sign?
But what do I do if I do feel immune?
OMG!! I didn’t think about that when I took this job.
You’re so kind for taking time out of your day to provide this warning. My faith in humanity is renewed, and I bet you feel better too.
Thank u 4 the heads up