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Melvin Kapott
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Melvin Kapott   My Press Releases

Dominoes Effect Oil Companies Cutting Jobs

Published on 1/12/2016
For additional information  Click Here

The Dominoes effect with the 3 biggest oil companies starting 2016 off with a total of 17,500 layoff coming. The effect it will have on the companies that do business with them like equipment suppliers with have to start laying people off also.

But here is something else to think about from the Consulting Firm Challenger, Gray & Christmas, that some 95,000 jobs were lost in the energy sector by U.S. based companies in 2015 and that the number was up from 14,000 the year before.

The Dominoes effect with oil slipping below $31 a barrel, companies are feeling very unease and preparing for more trouble.

 The Dominoes effect with the moving of money into new oil projects may not happening and could cause problem with production and supply down the line.

The Dominoes effect with China Largest Second energy consumer is driving the price down and with a strong U.S. dollar has cause oil to be more expensive for users outside the U.S.

The Dominoes effect will continue to touch countries like Russia, Venezuela, and Saudi Arabia.

The Dominoes effect with Russia considering in making spending cuts across the board. And the Saudi Arabia thinking about selling part of their state-own oil company in a public offering.

The Dominoes effect tell me that there is a major shift that is coming for the people on this planet and the way we use oil will become part of history very soon. I believe it will happen soon. 

Finding a job may not be the answer but having a plan or a business plan of how to start earning income from home will help. Learn How the Gray Goose Attack can help you get started.

All The Best,

Melvin Kapott

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