{"id":4750,"date":"2015-01-21T20:34:25","date_gmt":"2015-01-22T01:34:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4750"},"modified":"2015-01-21T20:34:25","modified_gmt":"2015-01-22T01:34:25","slug":"12-signs-that-the-economy-is-really-starting-to-bleed-oil-patch-jobs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4750","title":{"rendered":"12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/12-signs-economy-really-starting-bleed-oil-patch-jobs\" target=\"_blank\">12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs<\/a><\/h3>\n<p>The gravy train is over for oil workers.\u00a0 All over North America, people that felt very secure about their jobs just a few weeks ago are now getting pink slips.\u00a0 There are even some people that I know personally that this has happened to.\u00a0 The economy is really starting to bleed oil patch jobs, and as long as the price of oil stays down at this level the job losses are going to continue.\u00a0 But this is what happens when a \u201cboom\u201d turns into a \u201cbust\u201d.\u00a0 Since 2003, drilling and extraction jobs in the United States have doubled.\u00a0 And these jobs typically pay very well.\u00a0 It is not uncommon for oil patch workers to make well over $100,000 a year, and these are precisely the types of jobs that we cannot afford to be losing.\u00a0 The middle class is\u00a0<a title=\"struggling mightily\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/27-facts-show-middle-class-fared-6-years-barack-obama\">struggling mightily<\/a>\u00a0as it is.\u00a0 And just like we witnessed in 2008, oil industry layoffs usually come before a downturn in employment for the overall economy.\u00a0 So if you think that it is tough to find a good job in America right now, you definitely will not like what comes next.<\/p>\n<p>At one time, I encouraged those that were desperate for employment to check out states like North Dakota and Texas that were experiencing an oil boom.\u00a0 Unfortunately, the tremendous expansion that we witnessed\u00a0<a title=\"is now reversing\" href=\"http:\/\/news.yahoo.com\/car-lots-city-budgets-cheap-oil-means-change-180408768.html\" target=\"_blank\">is now reversing<\/a>\u2026<\/p>\n<blockquote><p>In states like North Dakota, Oklahoma and Texas, which have reaped the benefits of a domestic oil boom, the retrenchment is beginning.<\/p>\n<p>\u201cDrilling budgets are being slashed across the board,\u201d said Ron Ness, president of the North Dakota Petroleum Council, which represents more than 500 companies working in the state\u2019s Bakken oil patch.<\/p><\/blockquote>\n<p>Smaller budgets and less extraction activity means less jobs.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs The gravy train is over for oil workers.\u00a0 All over North America, people that felt very secure about their jobs just a few weeks ago are now getting pink slips.\u00a0 There are even some people that I know personally that this has [&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":[1395,2824,2823,1775,2826,2825,723,2063,798],"class_list":["post-4750","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-north-dakota","tag-oil-jobs","tag-oil-patch-economy","tag-oil-price-collapse","tag-oklahoma","tag-pink-slips","tag-shale-oil","tag-texas","tag-tight-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4750","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=4750"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4750\/revisions"}],"predecessor-version":[{"id":4751,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4750\/revisions\/4751"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}