Let's face it, overspending, over investing, over hedging and over hiring was rampant over the past few years with the oil speculation bubble that has been around starting at the $100/barrell price fixing a few years ago. That bubble has finally burst and the laws of supply and demand are driving the market again. Shame on these companies for essentially spending on credit. That would be like the common man spending to his $40,000 credit card limit and expecting to make time and a half forever when he knew good and well that his 2 year contract job had an expiration date looming.
I feel sorry for the job fallout that is coming as a result63