Remember a few months ago when Kibsgaard announced the layoffs were over and SLB was in position to handle the recovery? Per page 1 of the Houston Chronicle, he has announced there will be more layoffs.
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Unless Russia turns Saudi into a glass covered desert.
That was before Putin invaded Syria and complicated things. The Saudis will turn the oil off the minute Iran and Russia crumble, just like in 1986 when they destroyed the soviets with $13 oil. This is Geo-political. The price of il will skyrocket the minute Russia folds.
Fire Kipsgaard!!