The Dallas Federal Reserve predicts that up to 130K jobs could be lost in the state by mid-2015 if WTI crude oil remains at 55.00 a barrel or lower. Now, 2015 will be a fun year for us at BP and all competitor. This industry is nuts, I've been working in O&G for about 18 years now, was laid of 3 times. I hope all will be good now but overall it's simply crazy, my family and I are very distressed and anxious. I think i'll look for something else once the dust settles.
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It'll get worse, and it'll last a few years