In my 42 years in the oil industry we had maybe 18 that you could consider good ones. The rest were some form of fighting to survive or rebuild and most did not survive. They may have come back when things got better but they did not work in the oil industry until then. The survivors worked harder than ever before because of reduced staff and so they might not be one of the next let go.
The refinery coast is an interesting area to observe though. They mostly weather any storm. Steady base hits for them lead to long term prosperity. The upstream side of things not so much. The good times in upstream keep up with inflation for the most part and are a reversion to the mean.
If people want to pick on some industry pick on social media who produce nothing of substance, can be totally eliminated without any impact on society at all and make massively obscene profits with little investment at all. Go for financial services, software apps, medicine, pharmaceuticals or any of a number of similar businesses if the sheeple want a boogie man to go after.
Couldn’t have said it better...
I have been in the industry for 43 years, and like most, have had several busts, two booms, etc. I have gone bankrupt but have recovered and done well on occasion. The thing that bothers me most is that the idiots don’t realize how hard it is to find oil and gas. Most people think all you have to do is stick a straw in the ground and suck it out...and let the excess run out all over the surface and into the creeks. I have been personally involved in dozens if not hundreds of fracks through the years and incredible precautions are taken to prevent contamination and waste. We have always been accused of being crooked, greedy, subhuman polluters, and nothing could be further from the truth.
I have been in the industry for 43 years, and like most, have had several busts, two booms, etc. I have gone bankrupt but have recovered and done well on occasion. The thing that bothers me most is that the idiots don’t realize how hard it is to find oil and gas. Most people think all you have to do is stick a straw in the ground and suck it out...and let the excess run out all over the surface and into the creeks. I have been personally involved in dozens if not hundreds of fracks through the years and incredible precautions are taken to prevent contamination and waste. We have always been accused of being crooked, greedy, subhuman polluters, and nothing could be further from the truth.