Anyone feel the effects of oil/gas yet? (Alberta, BC, Sask.)

The funny thing is my company just hired on a second Safety guy. Not sure what he's supposed to be monitoring if there's hardly any work. Maybe sitting in the office making sure that the pencils aren't too sharp? Lol

 

Hopefully it comes back quick. Only problem will be getting the rates back up to where they were before this happened. Now that the oil companies got the rates down....it'll probably be a fight to get them back.

 

I have related comments ..... see the following post: and scroll down to my first post in the thread. Good luck.


http://www.thetruckersreport.com/tr...king-forum/155041-3-car-hauler-questions.html

 

I don't want to be the pessimist here, but if demand doesn't pick up it's gonna get a lot worse. Oil storage is at record levels, oil output is set to increase this year. Oil prices are being propped up by speculation right now and when the real data shows up on Wall Street it ain't gonna be good. Oil prices are probably gonna remain low for a couple of years, and probably drop in price this spring. There's no quick fix to this situation. The only solution is for Saudi Arabia to cut output, exactly what they refuse to do to retain market share. At 30 billion barrels a day, that's a big piece of the market.

 

I think North America as a whole pumped a lot more oil than previous years. I know they did around here anyway. Now the oil companies will whine but still rake in huge profits by slashing rates at everything from drilling rigs to trucking and to the service side. "Work cheap or don't work at all" will be their mantra in the near future.

 

............... break out the Vasoline !


............ if you can't find it, ask someone else in the trucking industry outside the patch ...........

......... at the risk of starting a fight, I believe your time has come .................. welcome to the bottom ... I truly hope for your sakes that patch rates come back to where they were ......