From what I hear on the grapevine, there appears to be plenty of work for the coming years. I have noticed over the years that work flow shifts it's way around the globe.
In britain, productivity tax (by the government) is relaxing thereby ensuring prospective drilling to recommence. LNG is a big source of work in Australia, baltic countries and so on, I dont think this current devalueing of oil prices will kick in like previous recession a couple of years ago.
These are my thoughts only.
May be he is talking about...........Since oil price going down and is piping field is safe or not in this recession period., and piping jobs...etc right........
I wouldn't take too much notice of what the yanks are doing, they just like the attention to make everyone think the're important....it's the saudi's who determine oil output and price control.
Ps. Again, these are my thoughts only and I really do like the natives from across the pond.
[QUOTE=ianmp;54812]From what I hear on the grapevine, there appears to be plenty of work for the coming years. I have noticed over the years that work flow shifts it's way around the globe.
In britain, productivity tax (by the government) is relaxing thereby ensuring prospective drilling to recommence. LNG is a big source of work in Australia, baltic countries and so on, I dont think this current devalueing of oil prices will kick in like previous recession a couple of years ago.
These are my thoughts only.
Thank u recently i listened that US ratings are fallen down that will effect whole world the same situtaion occured in previous years
Don't forget the Yanks can print money out of thin air without much penalty till now whereas the Saudi's at least have to drill and build a plant to get the oil out.
[COLOR=#000000][FONT=Times New Roman][FONT=Arial]side effect of the recession is the bursting of the real estate bubble in India. Land prices were inflated so that it was almost impossible for an ordinary man with a decent job to buy a house or a piece of land. My friend told me the other day to buy a decent flat in Chennai requires a minimum of 50 hundred thousand Indian rupees. Only the cream of Indian society can afford to spend that much to buy something so huge. With the global recession hit India, the inflated prices have started the journey down and hopefully that will go down so that more people can dream of owning a house.
