$62
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Originally posted by bphillips View PostYep.. EOG chairman said at $65 they will increase drilling again
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Originally posted by bphillips View PostChevron has some NABORS rigs picking up very soon also.
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Originally posted by BigFoot View PostI was pretty excited to see oil at 69.79 today. So close! Cmon $80!
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One of my customers was the guy that flys around the country laying people off for a big oil company. He was there 12 years. He finally was let go also recently. We had a long discussion on the subject. Fuel at $2-$3 a gallon is great for the oil field but not the rest of the world. So when we finally get a break at the pumps the oil field hands are out of work. He told me it would be a good 4-5 years before it's fully operational again. He said we have so much oil we literally have no place to store it all and we are importing from other countries under contract but not allowed to export any of it because of congress overreacting in the 70's when there was supposedly a shortage. I treat water wells and lots that are around or affected by oil activity and lately it has been a ghost town when normally I'm being passed by heavy equipment nothing lately.
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