I think most are just absolutely worn down by an industry and a career that was always going to be so good in the future, the promise of the next contract. It has been catastrophe upon catastrophe, bad beat on top of bad beat. No one knows what will happen over the next few months, but none of it looks good.
I see zero consolidation, that is a phantom savior that some hold to for sanity. Oil at $200.00 will more likely result in liquidation rather then consolidation.
Alaska is in pretty good condition, our hedges and liquidity buy us probably 36 months. That’s a lot more then most, but the discouragement meter for those struggling to survive, for commuters hoping for a better QOL has to be pegged.
Prdu- your a fun guy, take the dogs for a walk, hang out with the wife and kid, enjoy. I am afraid you understand economics about as well as your favorite president understands it. I am pretty sure his great energy policies just sunk your career. I sure hope I am wrong!