Will BH start hiring in 2021 ?
14 replies (most recent on top)
That little Mazda engine will surely save the industry. Let me put all my 401k back into BKR for that upswing. We will meet at the top!
The internal combustion engine is far from over.
Watch: https://www.youtube.com/watch?v=F_7J3W97d20&feature=share
@5mnz FORTRAN? Really? The last place I saw anything written in FORTRAN was at the local museum.
20% is being generous
Watch the rig count!!! How many people do you need on the US for 250 rigs? BH only has 20% market. Go figure DA!!!! Time to take up FORTRAN little buddy.
Take a look at how the newspaper industry was upended by the Internet, Google, and Facebook. That is where the oil and gas industry is going as renewables and electric cars take over, probably within the next 10 years.
No one really knows. Think what IF and any worst case scenarios and consider more likelihood of it happening and decide wisely. Save money and real I’ll.
If it comes back great, your skilled and adapt to changes. If not, you’re prepared.
Expect more and more remote work, less and less people. And a much much younger workforce coming out of college replacing the “people persons” in the organization. Boomers, our time has come.
it will be interestsing to see if Baker can survive another year. I am betting not.
Bad management has run this company into the ground. What a fricking mess
@OP Oil & gas was already slowing down even before Covid-19. Demand was declining. Many small and mid-sized firms had bad balance sheets. Companies (especially BH) over-hired in many departments, then decided not to train the people who they hired, driving up already high labor costs. Attempts by companies like BH to rebrand themselves as tech companies flopped. I could go on.
So yes, it can get worse, and it will. Anyone who wants a career with a future should eject themselves from oil & gas at the first opportunity.
Million mile
We need more renewable energy and electric vehicles (Million Mike Batteries) to replace the dinosaurs in the entire industry.
Fixed it for you
We are now in Recession. One interesting thing I heard yesterday, when the stock market dipped is that everyone claims the economy is doing good cause the stock market was doing good.
But the Economy is doing good for the very rich (1% of the population) but the economy is doing bad for the (99%). So it depends on who you ask. Those claiming it's doing good, work for the rich companies owned by rich people.
Things are going to get worse as long as covid-19 exists and consumers are not out there buying. Normal life as it was before covid-19 needs to happen if you want to prevent job losses. And let's face it, covid-19 isn't going anywhere even with a vaccine since not everyone will be willing to take the vaccine and who knows what side effect it will have. It takes years to come up with a vaccine with little to no side effect. Also, the virus can mutate and then the vaccine is no longer useful for the new mutated stain.
Save whatever money you have. Spend as little as you can especially if you think your job is at risk. There is lots of competition to find a job. One job has 1000s of applicants. It's going to be tough, long road ahead. That's just the fact of life at this point. I'm going through it now.
We need more Copilot engineers replacing dinosaur directional driller, that's for sure.