Wednesday, January 31, 2018

Lex Anteinternet: Petroleum. Happy Days Are Here Again?. Maybe not all is as it seems?

We've been running a lot of items on oil production and booms, boomlets, etc. recently.  Yesterday we ran this item:
Lex Anteinternet: Petroleum. Happy Days Are Here Again?: Is it back? "Oil, that is. . . black gold. . . Texas Tea. .  " Well maybe.  It's sort of looking that way. Oil is ho...
Today, however, the news reports that Chesapeake Oil is laying off about 500 employees nationwide, with 5 of those people being located in Wyoming.  Chesapeake only has 50 employees in Wyoming now, we also read, so that's not unsubstantial amongst their remaining workforce.

We've received some warnings that a new boom might not reflect itself in employment like the old ones, although in the service industries it would seem likely to.  A sign of this, perhaps?

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