{"id":13066,"date":"2015-10-06T06:33:42","date_gmt":"2015-10-06T11:33:42","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13066"},"modified":"2015-10-06T06:33:42","modified_gmt":"2015-10-06T11:33:42","slug":"newfoundlands-oil-ripple-effect-as-prices-fall-commuting-workers-stay-home","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13066","title":{"rendered":"Newfoundland&#8217;s oil ripple effect: As prices fall, commuting workers stay home"},"content":{"rendered":"<div class=\"story-headline\">\n<h3 class=\"story-title\"><a href=\"http:\/\/www.cbc.ca\/news\/canada\/newfoundland-labrador\/newfoundland-s-oil-ripple-effect-as-prices-fall-commuting-workers-stay-home-1.3256430\" target=\"_blank\">Newfoundland&#8217;s oil ripple effect: As prices fall, commuting workers stay home<\/a><\/h3>\n<\/div>\n<p class=\"story-deck\"><strong>The big paycheques from Alberta are drying up, and with them the economic good times<\/strong><\/p>\n<p>It\u00a0was a tell-tale sign when East Coast Catering of St. John&#8217;s laid off 44 workers in September. The company supplies meals and housekeeping services\u00a0to Newfoundland&#8217;s offshore oil rigs, two of which departed this year at the end of their contracts.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<blockquote class=\"pullquote\"><p><span class=\"pullquote-quotation\">&#8216;I am certainly not pushing the panic button, but I think we should have our hand hovering over\u00a0it.&#8217;\u200b<\/span><cite class=\"pullquote-source\">&#8211; Radio host\u00a0Paddy\u00a0<span class=\"scayt-misspell-word\">Daley<\/span><\/cite><\/p><\/blockquote>\n<hr \/>\n<p>&#8220;The majority of our business is not directly impacted by the recent drop in oil prices,&#8221;\u00a0East Coast Catering said,\u00a0but the subtle\u00a0signs of a downturn are there.<\/p>\n<p>&#8220;I am not worried yet. And I am certainly not pushing the panic button, but I think we should have our hand hovering over\u00a0it,&#8221; said\u00a0Paddy Daley a well known call-in radio host for VOCM in St. John&#8217;s.<\/p>\n<p>Newfoundland&#8217;s offshore oil industry has been somewhat insulated from the shock of plunging oil prices over the last 16 months,\u00a0but the long tail of job losses\u00a0and cancelled contracts so clearly evident in Alberta\u00a0is beginning to show, especially as the province&#8217;s &#8220;turnaround workers&#8221;\u00a0come home for good.<\/p>\n<div class=\"figure col4width floatright\"><img decoding=\"async\" src=\"http:\/\/i.cbc.ca\/1.3257250.1444065187!\/fileImage\/httpImage\/image.png_gen\/derivatives\/original_300\/darryl-day.png\" alt=\"Darryl Day \" width=\"100%\" \/><\/p>\n<p class=\"figure-caption\">Darryl Day worked in Alberta&#8217;s hydraulic fracturing industry. He was laid off in June, one of many Newfoundlanders who&#8217;ll no longer make the commute to the Alberta oil patch.<\/p>\n<\/div>\n<p>For years, thousands of Newfoundlanders commuted back and forth to Alberta&#8217;s oil patch, working three or four weeks at a time and bringing home plump paycheques. Many of them aren&#8217;t going back this fall.<\/p>\n<p>Darryl Day used to fly from\u00a0Gander to Alberta and back \u2014\u00a022 days out, 13 days back home. He was recruited at a job fair in Newfoundland six\u00a0years ago\u00a0to drive heavy machinery for a hydraulic fracturing company. Those were the &#8220;good times.&#8221;<\/p>\n<p>&#8220;Different companies would run three\u00a0or four\u00a0job fairs in Newfoundland a week and they would leave with however many employees,&#8221; Day said. &#8220;Then if they ran short, they would come back again.&#8221;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newfoundland&#8217;s oil ripple effect: As prices fall, commuting workers stay home The big paycheques from Alberta are drying up, and with them the economic good times It\u00a0was a tell-tale sign when East Coast Catering of St. John&#8217;s laid off 44 workers in September. The company supplies meals and housekeeping services\u00a0to Newfoundland&#8217;s offshore oil rigs, two [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[1082,103,3544,3000,412,9636,592,1775,4523],"class_list":["post-13066","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-alberta","tag-canada","tag-cbc","tag-cbc-news","tag-hydraulic-fracturing","tag-newfoundland","tag-oil-price","tag-oil-price-collapse","tag-oil-sands"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13066"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13066\/revisions"}],"predecessor-version":[{"id":13067,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13066\/revisions\/13067"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}