Quote:
Originally Posted by polak
I'm confused by your comment...
My point was more so that the government is shouldering all of this blame for an industry that was pretty poorly ran being in the tank when the good times ran out.
How quickly we forget the high flying overnight parties, catered lunches, stampede blow outs of just two years ago. It was almost a competition of who could outspend each other. It sucks cause it only takes a couple companies to fall into the trap before everyone needs to in order to compete for talent but hopefully the industry learns from that.
Will it? Not a chance.
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So medical and pharmaceutical companies don't have catered lunches? Stampede parties? How about lawyers? Do they drive nice cars? Do they try and grow their businesses? Hire more employees? Buy more technology and aspire to be a bigger and better company? When was the last time these industries saw a 60% downturn in under a year?? Never happens.
The resentment for the O&G industry is unbelievable. Even more unbelievable is how energy that we all use every day all day can be valued at X amount today and next year be valued at X-60% - without any consumption changes at all. O&G is a finite resource. No matter what we will have less tomorrow and even less the day after.
Strip away all the media propaganda reasons and what are we left with? Energy is a commodity and commodity prices are controlled by a small group of people to make money. They make money when commodities are low in price. They make money when they are high. They don't care about the father of 3 that works nights on a drilling rig through christmas to pay for presents. And they certainly don't care that he is out of a job now because the rig isn't working. The Alberta Energy Minister should care and yet we all heard what she said. Tough times ahead my friends.