Quote:
Originally Posted by Samonadreau
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And if you are not, formula to be cash flow positive is
layoffs + other opex/capex cuts + shutting in high lifting cost wells.
Maybe instead of throwing money at the oil companies, throw money at everyone who is getting layed off and losing contracts. or fund some other programs to give them work.
Im not sure I fully support bailouts as the layoffs will still happen and the oil companies will just pocket it or put it towards debt.
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Well yah that’s why they rolled out the site rehabilitation program. The hope to actually put some people to work for a little while. With also cleaning up some sites in the process.
I don’t think you will ever see bailouts because of what you suggest we know will happen. Then government knows as well.