Looks like the Pipe, Valve and Fitting Industry is taking a good hit.
Uh. It just might be that the world is in recession. Does anyone really believe economic statistics released by the Obama administration?
The US oil and gas industry kept Obama’s Depression from becoming a 1929 redux. The Left couldn’t vilify these companies and producers enough and did everything to stop them (see Keystone), while shoveling billions of taxpayer-confiscated dollars to their cronies in their “renewable energy” scams. Obama even is promoting Iran’s oil economy in his Muslim Dreamer/ Executive Order Peace Plan with Iran, further bringing down the domestic energy market.
What other segment of the economy will prop up this nonexistent recovery, now that oil and gas have been beaten down by the Democrats?
I would have guessed FAR higher than 200K. From talking with friends, upstream is in free fall right now. Not only are the drilling and pipeline companies laying off, but the client big oil companies are laying off direct employees in large numbers.
Kind of glad I’m working down stream right now.