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Will oil prices ever rebound to +$80? When will it happen? I currently work as a flatbed trucker and want to move to Texas or North Dakota to make some sweet oil money. I heard that since oil prices dropped so rapidly the job market and pay there is not as lucrative anymore. I'm guessing once oil prices increase again then it will get better.
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>>1441467
This is going to last a decade - look at the last time the oil prices fell so hard, the whole market is in oversupply, many new fields are not being developed at the moment, the shale fields are swing producers of super power because you can start up a rig in a week.
Won't be until the mid 20's or later that prices are gonna skyrocket again
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>>1441477
this
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Expect a rebound soon. Not $80, but jobs will return. The major players are draining the reserves in hopes to kill competition and drive prices down.
In terms of finding a job look in another market, you won't want to wait this long.
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