Quote:
Originally Posted by polak
Or instead of going to the doomsday, worst case scenario, they reduce labor costs and the ridiculous overhead that most of these companies have and drive innovation to reduce their total operating costs. I think that's far more likely then leaving untapped oil in the ground.
If you think that there's no "fat" to trim from Canadian oil and gas companies budgets, I highly recommend you try working outside of the patch and you'll see that even the most frugal O&G companies have plenty of room to reduce spend.
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I agree with you. Doom and gloom for companies that have a propensity to pay engineers, geologists, accountants and other positions with less than 5 years of experience on the generous side of six-figure incomes are not going to suffer as badly as the chicken little crowd are making it out to be.
This whole corporate tone of "NDP! Woe is me!" is overblown and ridiculous. It's just fear of the unknown.