Thread regarding Chevron Corp. layoffs

Linn, Chesapeake, SeaDrill along with a lot of the small guys will go out of business. It's not if but when. The porblem is they are so upside down its far worse then the houseing crash of 08. They can not sell assets as they owe more then what they are worth. This screws the people who could make it profitable now as they can not buy it due to the debt problem. What will happen next is the market place will find out that the majors will have as much difficulty as the minors and small guys. The only difference is that the majors can borrow more especially if the stock price is up. This is why the dividend will not be cut until the jugular is cut. Houston is still living in denial of this but you can start to see it with the slow down in housing. Don't think it will be as bad as the 80's but worste then 08 for sure. The only other thing that could change this for the worste is if there is a major event to set out a collapse of the US economy. If this happens then the government can do nothing to contain it due to government interest rate already being at ~1%. Unless they go negative it will shatter the US. If it does go negative we will see the events of the last 8 years of printing money and historically low interest rates which will cause mass inflation.