Thread regarding Chesapeake Energy Corp. layoffs

Oil industry is dying

Chesapeake will not recover, and neither will the oil industry.

After 3 years of low oil prices, you still don't see the writing on the wall?

$50 oil is no more sustainable than $40 oil is, no matter what the lying media and corporate talking heads say about "cost cutting efforts taking effect."

The world is transitioning into renewable energy, but first the fossil fuels industry has to be destroyed, which is what is happening right now.

You guys all think you're such business geniuses, yet you can't even see what's going on right under your noses in your own industry.

That would be because you only believe what you want to believe, and you sure as heck don't want to believe that your industry is going down the drain.

Well, it is.

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6 replies (most recent on top)

Most ignorant post ever.

by | Post ID:

Electric will have ale over with me there energy. Oil and gas is out.

by | Post ID:

She is my president

by | Post ID:

What are you clowns talking about? Prices are low because the tremendous amount of reserves we

have now you can not get another well paying oilfield job and spend your time trolling & hating. Am I right? Oil will continue to rule, like it or not.

by | Post ID:

It is definitely dying, but you're crazy if you think we aren't going to use every last bit of oil before it does.

by | Post ID:

Agree. If you're smart you'd be looking for a career transition to another industry. Soon.

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