If you have been in gas and oil anytime at all, this is just part of the business. The Johnny-come-latelys were told that the business was cyclic in nature. If they weren't, their college did them a huge disservice.
I have been in the business 45 years and have been here before. You prepare in the good times so you can survive the bad times. If you stay in the business, you'll know on the next boom there will be a bust eventually.