That has been the oilfield history since Spindletop!
The more things change, the more they stay the same!
It is a familiar way of life in the oilfield. A life full of ups and downs. The man sounds like a self-employed consultant. Most of them are not eligible for unemployment. Virtually on their own for everything.
The oil industry, especially drilling and completions, has a lot of people that are consultants. Self-employed guns for hire. Work hard, play hard, paid in spurts. Great when it is good and horrible when it is bad.
Others are employees...
Not to hijack the thread, but I just heard the same Bolshevik argument be set forth by liberal pundits about desalination plants and the drought in California. And you know they're right again, if we follow their lead again and don't build desalination plants they will never ever effect the drought conditions in California.
Oh lord let there be one more oil boom and I promise not .to pi$$ the money. Away this time