With prices going down, any oil and gas company will struggle at 55 per barrel. Yes, we will see layoffs in 2015
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Things are getting more interesting right now, we'll see how 2015 develops. 2015 will be worse than 2009 and 2010 as this time prices will not rebound quickly, this drop will be much deeper and much wider and everyone will be affected. SLB and HAL are cutting people right now, Baker Hughes too. It's just a matter of time when the other companies start to feel pinch