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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (148520)	2/6/2015 11:06:53 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 149319

Given the number of layoffs in the oil industry, a better report than I expected. Oil services job cuts reach 25,000 By Collin Eaton February 5, 2015 Updated: February 5, 2015 10:36pm Another 8,000 oil jobs are about to evaporate, a major oil-tool supplier said Thursday, deepening the industry's wounds even as U.S. crude has regained some ground from its steep price slump. Weatherford International's 15 percent job cut brings the tally of layoffs by the world's four biggest oil field services companies to 25,000 in recent weeks - a bigger number in a shorter time than in oil downturns of the past. More are expected if oil remains cheap at $50 a barrel houstonchronicle.com