The Apache employee who spoke to Business Insider said his termination was effective immediately, but that he would be paid through the end of the month and offered a severance package.
Oilfield service companies — which are involved in activities like drilling new wells — will be among the first to go, says Marshall Watson, a professor of petroleum engineering at Texas Tech University. Exploration and production companies with "bad balance sheets" will also likely see massive layoffs, says Ryan Todd, an analyst at Simmons Energy. Todd did not mention specific companies.Oil majors, such as ExxonMobil and Chevron, will likely announce layoffs and furloughs, too, Watson said. In fact, he says "the very large oil companies are the ones that start laying off first.
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Energy market investing outlook from experts amid coronavirus, oil plunge - Business InsiderAs energy experts come to grips with the 'black swan' coronavirus and plunging oil, 4 of them share their outlook for the struggling industry — and assess the economic fallout
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Top pandemic expert warns it's too soon to end coronavirus lockdowns - Business InsiderA top pandemic expert warns it's way too soon to end the coronavirus lockdowns: 'COVID would spread widely, rapidly, terribly' This isn't reassuring at all... Ask him if he's financially comfortable to stay in lockdown for another month...not everybody is Jail Trump if elderly die due to lack of leadership. Would it be 2nd degree?
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The coronavirus pandemic may be weakening US retail - Business Insider - Business InsiderWith states and cities closing nonessential stores in response to the coronavirus, retailers may lose the ability to make in-store sales altogether. Ya think lortyvon L’augmentation des taxes est là
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Five ways the coronavirus will affect the connectivity and tech industry in 2020 - Business InsiderICYMI: The telecoms and consumer technology industries continue to feel the impact of the coronavirus — here are five ways we expect they'll be affected in 2020
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5 financial experts convinced me to invest while the market is low - Business InsiderThese words from Warren Buffett encouraged her to invest: 'Try to be fearful when others are greedy and greedy only when others are fearful.' SOLUTION - By federal action immediately switch all US grocery stores and restaurants to delivery only. Immediately reemploy all laid off restaurant, hotel staff, etc. as delivery drivers. Utilize all existing platforms: Uber Eats, DoorDash, Postmates. AmericaAlreadyGreat J.316 Well then buddy, this is your lucky day! Buy large cap stock index funds. You'll thank me later.
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