Oil may be Back

The end of last week has seen oil begin to make its slow and painful recovery after being in the dumps for a long time. There are however no indications that the price will bounce back to the earlier highs of yesteryears. It is a tough proposition for the industry but it does provide it with an amazing opportunity. One is the fact that baby boomer generation would have completely moved on to retirement and there are opportunities for the new generation to bring in newer ideas and much needed innovation/disruption to the industry. But the industry definitely need to put its foot down for the next boom cycle and bite less and chew properly because such regular devastating lows will drive out talent and create long-term consequences.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.