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North Central Texas | Foundry business is dead. The machine shops are sitting on millions of dollars of finished parts that delivery has been refused on. Some oilfield shows were cancelled. Construction equipment and Peterbilt boys laid off and singing the blues. Once oil didn't make it back to 60 in december, it took the wind out of the sails. Now the talk is that things are worse than the 80s.
Still a few rigs turning to keep the leases. All manned by experienced guys the companies don't want to lose. If oil doesn't hit 60 this year, it may be the time to buy and stack up drilling rigs. | |
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Oileconomy in south Texas in retreat
