So this has been going on for almost three months now. While most people are super stoked about the low prices at the pumps, the oilfield families are worried. It is like Dave said, "We can afford to pay $4 for a gallon a gas, we cannot afford to pay $2."
There have been layoffs from the merger of Baker-Hughes and Halliburton which were expected due to the redundancy of jobs. But there have also been many layoffs because of this shift as well.
Lesson to learn from this - don't ride high on the horse.....liven within your means always and you can ride the wave if you continue to chose to work within this industry.
Thank goodness he is not on the drilling side because then we could really be in a pickle. Coil is till working at a steady pace which is good for us. All I can say is thanks goodness we don't have anything major this year. Our goal for the next two years is just to get out of debt while we can.
I am glad we completed the Dave Ramsey FPU class. I feel we are more educated and can better take on a solid, successful budget....even with the downtown in crude oil prices per barrel. I have heard it could take 12 to 18 months for things to change around. I guess we will just have to wait and see.
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