@laf You almost always hear "energy prices are expected to remain high for X years" right before a horrific crash in energy prices. Same as "We expect oil prices to remain <$30 / bbl for at least five more years" right before they ramp up to $100.
It almost never fails.
Uh-oh. Looks like a recession (along with demand decrease) is coming. Better give this some serious thought.
Layoffs seem unlikely with high oil prices. You can relax and take it easy. Maybe call in sick a bit more.
Chevron has over 1,000 leftover Pioneer file and moving boxes stored downstairs in the building’s loading dock warehouse since the last major wave of layoffs. If and when a recession hits the country, which is very likely, it will result in more layoffs at the company. Do everything you can from here on out to ensure your name is not invisibly written on one of those boxes.
my brother you do realize that you work in the most voletile industry in the entire economy - enjoy good times as we know for sure that the bust is just behind the cornder
There is no such thing as job security regardless of a recession. Companies only care about profits and will get rid of anyone at anytime to make more money. You are only valuable to a company on a day by day basis.
I felt this drop in the market coming 6 months ago. I’ve been out of the market entirely since late December and am happy for it. Inflation is taking a toll in all things, but it’s focused on energy prices. I’m pretty sure a recession in this country is a 50/50 possibility this year or by early 2023. I’m buying some physical gold on the dip. I’m more eager to keep cash and buy Prime residential real estate. It won’t be long to find some great pickings. As for job security at any oil and gas company, you all with be doing fine for now. No worries.
Extremely safe. Everyone knows that Oil and Gas is a very stable, recession proof industry.
In this industry always plan that a storm is on the horizon, always! If $sh-t does not hit the fan tomarrow, then great: I can save and retire earlier. If it does, you are ready.
Energy prices are expected to remain high for the next 2 years, there is always a chance they nose dive based on any unpredictable situation but as long as the WTI stays above $65, there will be no more layoffs.
Shhhhhit. They weren't safe when it wasn't a recession. One is definitely there though, buckle up.
Expect them to be cutting the deadwood soon after the recession hits, especially the butthurt losers who surf the internet on layoff sites all day instead of working, as if they expected different after wasting company time for months.......
I wouldn’t start the drama yet. Wait until 2023 before you start worrying :)
OP, you're being quite naive. If price or oil or demand go down, layoffs are inevitable. MW loves layoffs, it's his way of scaling back a company that's in a declining industry.
No worries!!!
Depends on what happens with the oil prices during the recession. Low oil price = layoffs
As long as MW sits as CEO no one's job is safe, unless your one of the chosen brown nose hipots
Especially those who only started here a little over a year ago?