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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: stsimon who wrote (108874)	12/9/2014 1:21:38 PM
From: Haim R. Branisteanu	Respond to of 218920

true, but the multiplier of oil business is higher.

To: stsimon who wrote (108874)	12/9/2014 3:27:37 PM
From: teevee	Respond to of 218920

The oil business is more capital intensive than labor intensive. More jobs will be created in the rest of the economy from low energy prices than will be lost in the oil patch. There is a significant multiplier effect in the oil patch. For example, each time a rig goes to work, there are 7 fold as many other jobs for each person working on that rig (ie. catering, hot shot and other services, parts, engineering, completion/abandonment etc) . Of course, each time a rig gets laid down and stays down, within 30 days, in addition to the rig workers, 7 times as many people lose their jobs.....