What happens when these oil companies get wise and realize they should have been building their own tools in house and employing their own field hands? Now may be the opportunity they’ve needed to acquire some of us on the cheap. Then they control their own timelines. 75% of us may be unemployed soon if that happens.
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always seems to fail
A typical comment from whatever generation it is. Gulf used to have their own rigs engineers worked their way up to pusher. Imagine the Nintendo generation having to pull slips?
Then there is the question of how much capital an oil company would tie up. Chesapeake tried it with frac - correct me but it was a disaster except for the big boys.
The commodity world is brutal a small percentage of over production is a disastrous price fluctuations. Unless you become a government employee I don't think a working class Joe or Joan is immune to this. Study up be ready as the train will slowly take off again
Tried and failed
Ask EOG
They tried this, before the 80s. It didnt work.