Quote:
Originally Posted by photon
Very true, I even think we were talking about this on this forum 9 months ago or so, this isn't new information. And not sure why it would be suprising.
I notice though that there's no actual numbers in the original post...
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Considering the source is CBC that doesn't really surprise me
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My take on this is that as reflected by posts above that this started happening a year ago when the 2006 Natural Gas Storage overhang was depressing spot gas prices. Companies then started clawing back spending. However I think this newer wave of layoffs is coming from financially depressed small Natural Gas companies. Many companies are literally insolvent and thus the people on board have to go.
With regards to us talking about this on the forum 9 months ago: I have a saying that drives my belief in intelligence is that once the mainstream media knows about something it's too late for you to act on that information.