Thread regarding Occidental Petroleum Corp. layoffs

My savings have been crushed

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Post ID: @OP+13U1yRmJ

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The reaction from U.S. producers is what I’m looking at...

Producers are going to be pretty reactive here...

Bigger firms like ExxonMobil have diversified operations that will make it easier for them to weather a storm, but smaller firms may have trouble selling enough oil to keep up with the competition or cover their debts...

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Post ID: @baf+13U1yRmJ

It was hiding in the plain sight. China stopped the entire economy in January, people ignore it. Now we'll stop ours. No trucks running, no need for oil...

It was hiding in the plain sight. OPEC is just a desert.

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Post ID: @ohs+13U1yRmJ

Don't worry - just wait another 10 years and you will be at break even.

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Post ID: @bfy+13U1yRmJ

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