I have worked in the oilfield for 40 years and on the first job I ever had an older man told me to save 1/3 of every paycheck and live like I never got a raise because in this business ''you will always be temporary''. I cannot count how many times I have seen what the man told me come true and while I have been fortunate to have always worked I have seen more years of uncertain job prospects with reduced wages than I have of wide open with wages going up, anyone who works in the business has to learn the lessons early, what usually happens after a downturn is about 75% of the people laid off have found other work and never return, the ''once bitten'' syndrome I guess, when this happen the industry needs people badly and wages go up etc. and then a new generation believes it will never end. Its rough on people and I hope they find some kind of work to tide them over or a new profession. The Saudis have more than likely severely mis-calculated and this price crash that they engineered will spell the end of OPEC, or at least their clout as the worlds swing producers. The US industry has done what it always does when faced with a down market, they have dug I their heels and learned to cut costs, US shale Drillers will be profitable at 30-35 dollar oil going forward, the Saudis and the OPEC nations need 100 oil on average to pay for their welfare states and government shortfalls. There will be price spikes caused by various geopolitical events and natural disasters but for many years to come oil will be under 50 dollars per barrel, the middle east will have to make a profound lifestyle adjustment and are in for many years of pain.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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