What will oil field be like during recession??

Discussion in 'Oilfield Trucking Forum' started by silinus vers, Sep 9, 2019.

  1. silinus vers

    silinus vers Light Load Member

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    Was anyone working during the 08 recession??
    What impact do you think the next one will have on us in the field??
    Today I think we are more reliant on domestic oil than we were in 2008-2010, so I think it may be different. I don't think it'll be like 2016 when barrel price tanked.
    I think this is a conversation that needs to happen. What are your thoughts,
    Please contribute..
    Let us pray for our selves, each other and our nation in the coming times.
     
    Last edited: Sep 9, 2019
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  3. starmac

    starmac Road Train Member

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    It is not a recession that is the problem, it depends on who wins the next election as to what the oilfied does.
    It will be either just another day, or a major crash.
     
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  4. LDLWells

    LDLWells Heavy Load Member

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    Oilfield is completely different now than during the great recession, which was actually a depression, horizontal drilling was still in the infancy. When the next recession happens it'll be the first time for us all. It'll probably be similar to the 2014 bust


    Don't be daft.
     
  5. Capacity

    Capacity Medium Load Member

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    Lots of nice lifted Duramaxs for sale cheap , along with boats and powersports.
     
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