How the Oil Bust is Crushing a Downtown of Office Towers by Wolf Richter • Jul 21, 2016 • 24 Comments Commercial real estate in Calgary, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate.
Schlumberger Loses $1 Billion, Raises Layoffs to 30,000, Doubles Share Buybacks to $20 Billion by Wolf Richter • Jan 21, 2016 • 31 Comments A good swig of financial engineering to make the results go down better.
Retail Sales in Texas Plunge by Wolf Richter • Dec 14, 2015 • 14 Comments Oil Bust Contagion Spreads.
Next Few Weeks Reveal Extent of Calamity in Oil & Gas Industry by Nick Cunningham • Oct 27, 2015 • 6 Comments Get ready for some bad news and red ink.
The Dismal Thing Schlumberger Just Said about US Oil by Wolf Richter • Oct 18, 2015 • 27 Comments 2016 to be brutal. But then, dreams of “a potential spike in oil prices.”
A True Jobs Massacre Spreads in US Oil & Gas by Wolf Richter • Aug 5, 2015 • 10 Comments And it’s far from over.
