RR very interesting and very insightful. Accountants and investors with short term outlooks are more the norm, and the group doesn't mind trading misery as long as it results in a return. As correctly stated the group just moves on to the next project. Aviation is a s_e_x_y industry and at various times or circumstance, it will always attract those that project revelations and spreadsheet borne fantasy.
With so much inventory, tumbling asset values and significantly increased financial risk all around , the impact will be felt not just by O&G, but by everyone. Depending on who blinks first it could be truly devastating to the industry as a whole.
Whether or not this signals a watershed moment, where those with a keen sense of the business again take the reins, remains to be seen. In the interim, it will probably be a pretty rough ride for everyone.
Last edited by crunchingnumbers; 7th May 2016 at 16:19.