This slowdown is terrifying

This slowdown is terrifying

in Oilfield

I know I have no reason to be filled with dread yet here I am. We just racked our rig in January of all times. I have everything paid for and 30 grand in the bank. I have low living costs yet after 12 years on the patch and going through ups and downs with no sweat I am actually terrified now. I know I have no reason to be and I am in a much better position than many others (No kids, no truck payment and no debt) yet I am scared sh*tless about the future. I grew up in aftermath of the forestry crash in BC and it never recovered. BC is an overpriced dead province now and I am worried that Alberta has hit the same wall. That the oil patch is dead and gone for good, sure a few rigs will be running but with all the wage rollbacks and how fast holes are drilled now it’s really not worth even bothering anymore.

So now what? Work a town job and make $2500.00 a month take home? Retrain for a trade that no longer exists or is saturated?

I cant be the only one asking this, am I?