PPRuNe Forums - View Single Post - Effect of the US economy condition on heli pilots
Old 23rd Nov 2008, 13:10
  #12 (permalink)  
SASless
 
Join Date: May 2002
Location: Downeast
Age: 75
Posts: 18,290
Received 518 Likes on 216 Posts
The oil industry must be in a real dither right now.

Transocean has several new rigs on order....have everything working....and there was no end in sight.....until recently that is.

No doubt with the decrease in crude oil prices the oil companies will begin to cut back as those record profits begin to decline. (Has an oil company ever really lost money?)

Unless the current restrictions and phobia about drilling changes....that part of the sector is going to really see a hit. Production flights will continue as before.

Exploration will also see a decrease including seismic operations.

The good news for the USA is interest rates are falling, the exchange rates now favor the Dollar, any talk of the oil business jumping to the Euro and leaving the Dollar is over (too many warehouses full of dollars somewhere I bet) and the economy is at about its lowest point.

Oh....and the Messiah was elected and with a snap of his fingers the magical cure will be found for all this economical turmoil.
SASless is offline