[farmco r/sa]

Originally Posted by Randy Wells

Rick,

Like you the oil patch has been my life for 45 years, started in 1974 on the Trans Alaska Pipeline 18 years old. I have survived the ups and downs but not sure about this one, just returned to work in North Dakota, was in a meeting today and my project is still being funded, that was 9:00 am this morning now I am not sure. I work for an oil company out of Norway, they do have deep pockets but with no storage capacity your going to see a lot of wells shut in, the problem with that is when they our shut in to long they wax up because of the Parraffin. So when and if demand ever comes back these wells our done unless you bring in work over rigs and spend a lot of money to bring these wells back on line, oil will be back to $100 a barrel. Myself I was going to retire last year, it is looking like a good time now, just feel for all the workers that will loose good paying jobs, not good for the comeback.

Terrible news . Was shocked to see this yesterday. First time in history. There will be many victims and families hurt by this. Represents future orders. No American should be celebrating this. Hope and pray very will be very temporary.