Is this time different? The oil and gas industry is known for its “boom and bust” cycle. The price of oil and gas goes high, drillers jump on the bandwagon and inevitably produce far more than the market demands resulting in a price bust and a slowdown in drilling as it becomes unprofitable. Until the next cycle.
Is this time different? The oil and gas industry is known for its “boom and bust” cycle. The price of oil and gas goes high, drillers jump on the bandwagon and inevitably produce far more than the market demands resulting in a price bust and a slowdown in drilling as it becomes unprofitable. Until the next cycle.