2020: The Year Of The Oil Bankruptcies
By Alex Kimani - Dec 27, 2019, 5:00 PM CST
A bankruptcy boom has hit the oil and gas industry, and it’s just getting started. Investors have lost their appetite for shale, and energy debt has become among the least desirable in the market.
BHI to close two chemical plants in Oklahoma before September 2020.
Baker Hughes human resources department is very corrupt.
Allied Universal which is contracted by Baker Hughes will cause problems for company due several unlicensed and highly incompetent security officers.
CBRE facility manager's gross incompetence will add to the need for Baker Hughes layoffs in 2020.
It's only going up due to cuts.
Even the 11% increase with the pipe line attack was lost in 3 days.
Oil wont get much higher than 70 dollars next year with a good chance being alot lower with all the un caped countries who have huge fields coming on line.
The fact the rig count fell for almost 9 weeks straight and hundreds less working than last year proves the investment has gone.