The perfect storm kills my company.
Wardsweb
Posts: 903
With Saudi dumping oil and the virus lock down reducing fuel demand, the price for West Texas crude has dropped to $20. This means rigs going idle and some drilling companies going out of business. Canada is worse with West Canadian down to $5. What this means is my company, that supplies these drilling companies, has lost not only its largest customer but smaller ones too. The bottom line is my company folded this week. I am now another out of work statistic on the news.
Comments
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I'm very sorry to hear this
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Sorry to hear, hopefully everything works out brother.Just a dude doing dude-ly things
"Temptation is the manifestation of desire which equals necessity." - Mikey081057
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"Audiophiles are the male equivalent of cat ladies." - Audiokarma Member -
That stinks man. Let’s pray this ends quickly!Living Room 2.2: Usher BE-718 "tiny dancers"; Dual DIY Dayton audio RSS210HF-4 Subs with Dayton SPA-250 amps; Arcam SA30; Musical Fidelity A308; Sony UBP-x1000es; Squeezebox Touch with Bolder Power Supply
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Bedroom 2.1Cambridge Azur 551r; Polk RT25i; ACI Titan Subwoofer -
That stinks...hang tough and best of luck
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Sorry to hear that man.Source: Bluesound Node 2i - Preamp/DAC: Benchmark DAC2 DX - Amp: Parasound Halo A21 - Speakers: MartinLogan Motion 60XTi - Shop Rig: Yamaha A-S501 Integrated - Shop Spkrs: Elac Debut 2.0 B5.2
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Terrible. Just terrible.
Best of luck to you going forward.Things work out best for those who make the best of the way things work out.-John Wooden -
Very sad news indeed. Is there any hope of getting back into the game when things pick up, or is this a done deal?The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson -
Yikes....sorry to hear. Hopefully you land something if not just for the short term.HT SYSTEM-
Sony 850c 4k
Pioneer elite vhx 21
Sony 4k BRP
SVS SB-2000
Polk Sig. 20's
Polk FX500 surrounds
Cables-
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Wireworld eclipse 7 ic's
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Kitchen
Sonos zp90
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B&k 1420
lsi 9's -
youch. Terrible news. Thanks for telling us, though, @Wardsweb.
You have our sympathy, empathy, and prayers.
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I am truly saddened to hear this @Wardsweb . I have been silently cheering every time I pass gas stations lately, now I will reflect on the fact that not everyone is benefiting
from this. I pray things get better for you soon, man.So, are you willing to put forth a little effort or are you happy sitting in your skeptical poo pile?
http://audiomilitia.proboards.com/ -
Is there any help for you here?
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resourcesThe Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson -
Oh, Luther...I am so sorry to hear of this. Not only for you but so many others that will be impacted for the long haul. So very sad.
Tom~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
Very sorry to hear; I hope you can weather this storm and come out in a better situation on the other side. All the best to you and your family during this difficult time.Shawn
AVR: Marantz SR-5011
Center Channel: Polk LsiM706c
Front: Polk LsiM703
Rear: LSI fx
Subwoofer: SVS 20-39pci
Television: Samsung UN58NU7100FXZA
DVD Player: Sony PS4 -
Thanks guys, I'm glad to have friends online. Being isolated at home and no work to go to, I have somewhere to go, even if it is just online. Yes, it sucks, but there are so many people who have it way worse than I do. I'll take some time and get back on the horse in a different field. Oil and Gas will take years to get back to normal.
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Sorry to hear this.Mojo Audio Illuminati v3>>Quantum Byte w/LMS>>Rpi/PiCoreplayer>> Starlight 7 USB >> Mojo Audio Mystique v2 SE>>ModWright SWL 9.0 SE Signature>>Hafler DH-500 Amp+ (Musical Concepts Fully Modded)>>
SRS 2.3TL (Fully Modded)...Velodyne Optimum 8 subwoofer
1KVA Dreadnought
Marantz SA 8005
Pioneer PLX-1000 Turntable - Shure SC35C/N35X - V15III/VN35HE
Yamaha TX-540 Tuner...Sony BDP-S570
Sony PS4
Separate subpanel with four dedicated 20 amp circuits.
1. Amplification 2. Analog 3. Digital 4. Video
"All THAT IS LOST FROM THE SOURCE IS LOST FOREVER" -
Best wishes hope you recover soon.
A lot of pain coming to the oil patch and it won't be good for our economies, both US and Canada.
2 channel: Anthem 225 Integrated amp; Parasound Ztuner; TechnicsTT SL1350; Vincent PHO-8 phono pre; Marantz CD6005 spinner; Polk SDA2BTL's; LAT International speaker cables, ZU Mission IC's and power cables all into a PS Audio Dectet Power center.
Other; M10 series II, M7C's, Hafler XL600 amp, RB-980BX, Parasound HCA-1500 amp , P5 preamp, all in storage. All vintage Polk have had crossover rebuilds and tweeter upgrades.
The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact.
Imagine making politics your entire personality. -
Best wishes for a fast recovery.Pio Elete Pro 520
Panamax 5400-EX
Sunfire TGP 5
Micro Seiki DD-40 - Lyra-Dorian and Denon DL-160
PS Audio GCPH phono pre
Sunfire CG 200 X 5
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OPPO BDP-83 SE
SDA SRS 1.2TL Sonicaps and Mills
Ctr CS1000p
Sur - FX1000 x 4
SUB - SVS PB2-Plus
Workkout room:
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GFA 555
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Ft - SDA 1C
Not being used:
RTi 38's -4
RT55i's - 2
RT25i's -2, using other 2 in shop
LSI 15's
CSi40
PSW 404 -
Sorry to hear this, best wishes going forward.
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Gosh, I hope everything works out for you, and you find that new horse.
I have a nephew who went from Georgia to outside Denver late last year for a oil related job. I assume he will be affected too."Sometimes you have to look to the past to understand where you are going in the future"
Harry / Marietta GA -
Dude, that sucks.
Jackie's family out in Midland. TX says it's looking like the worst bust year in decades. More than half the town is up for sale.
Hope something comes up for you once all this stuff blows over.Expert Moron Extraordinaire
You're just jealous 'cause the voices don't talk to you! -
Hang in there Luther, don’t relax a bit on pounding that pavement
May find a position where somebody else needed to go, and you can slide into as business recover 🤞🤞
Grab a glass of wine with your lovely wife, crank it up
Keep in touch2-channel: Modwright KWI-200 Integrated, Dynaudio C1-II Signatures
Desktop rig: LSi7, Polk 110sub, Dayens Ampino amp, W4S DAC/pre, Sonos, JRiver
Gear on standby: Melody 101 tube pre, Unison Research Simply Italy Integrated
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erat interfectorem cesar et **** dictatorem dicere a -
I'm sorry to here you closed up. I think you're our first Co. casualty on this Forum. Sorry again.
A serious double whammy.
Just maybe, this administration will have something for you. They helped the farmers.
This oil war between Russia and the middle east can't last for long, can it?
Most people just listen to music and watch movies. I EXPERIENCE them. -
Just now saw this. Very sorry to hear about it. The oil business is a really tough one, even in good times. Hoping you land on your feet.
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This oil war between Russia and the middle east can't last for long, can it?
IMHO, the Suadi/Russia oil conflict shot all parties in the foot. At anytime they could have corrected the market before the CV-19 pandemic. Since the pandemic all and every supply is topped off and all reserves are full. Market oil use will be extended, more than they expected and at some point they will cause a shortage when they are buttassbroke
2-channel: Modwright KWI-200 Integrated, Dynaudio C1-II Signatures
Desktop rig: LSi7, Polk 110sub, Dayens Ampino amp, W4S DAC/pre, Sonos, JRiver
Gear on standby: Melody 101 tube pre, Unison Research Simply Italy Integrated
Gone to new homes: (Matt Polk's)Threshold Stasis SA12e monoblocks, Pass XA30.5 amp, Usher MD2 speakers, Dynaudio C4 platinum speakers, Modwright LS100 (voltz), Simaudio 780D DAC
erat interfectorem cesar et **** dictatorem dicere a -
Hey man, another oil and gas worker here. Sorry to hear about your company. I am in the same boat. Been doing title work for ten years, through the downturn of 2014-2016, but I think time I will move out of the industry. I wish you the best, it’s been a tough start to the year.
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Very sorry to hear about your job loss.Yamaha RX-A2070, Musical Fidelity M6si integrated amp, Benchmark Dac1, Bluesound NODE 2i, Audiolab 6000CDT CD Transport, Parasound Zphono USB Phono Preamp, Fluance RT85, Ortofon 2M Bronze, Polk L600's, L400, L900's, RC80i's, SVS 3000 Micro, Audioquest Interconnects and Digital Cables, Nordost Silver Shadow Digital Cable, Cullen Gold and Crossover Series Power Cables, Douglas Connection Alpha 12AWG OCC Speaker Cables, Douglas Connection Alpha Analog Interconnect Cables, Douglas Connection Alpha 11 OCC Custom Power Cable, Signal Power Cable, Furman PL-8C 15 Power Conditioner, Sony 65" 900F, Sony UBP-X700, Fios, Apple TV 4K, Audioquest Chocolate HDMI Cables.
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very sorry to hear about your company...………...I laid off almost 30 people this month....keeps one up at night worrying about them and their families...
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Sorry to hear. Hope for the best for you.
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My boss laid off 100 workers last week. I've still got my job but I'll only get about 28 hours. Not sure how long I'll be kept.
Unfortunately I feel that darker days are still a coming. -
My boss laid off 100 workers last week. I've still got my job but I'll only get about 28 hours. Not sure how long I'll be kept.
Unfortunately I feel that darker days are still a coming.
Stay strong brother! All the best for you is coming your way!Basement: Polk SDA SRS 1.2tl's, Cary SLP-05 Pre with ultimate upgrade,McIntosh MCD301 CD/SACD player, Northstar Designs Excelsio DAC, Cambridge 851N streamer, McIntosh MC300 Amp, Silnote Morpheus Ref2, Series2 Digital Cables, Silnote Morpheus Ref2 Series2 XLR's, Furman 15PFi Power Conditioner, Pangea Power Cables, MIT Shotgun S3 IC's, MIT Shotgun S1 Bi-Wire speaker cables
Office: PC, EAR Acute CD Player, EAR 834L Pre, Northstar Designs Intenso DAC, Antique Sound Labs AV8 Monoblocks, Denon UDR-F10 Cassette, Acoustic Technologies Classic FR Speakers, SVS SB12 Plus sub, MIT AVt2 speaker cables, IFI Purifier2, AQ Cinnamon USB cable, Groneberg Quatro Reference IC's
Spare Room: Dayens Ampino Integrated Amp, Tjoeb 99 tube CD player (modified Marantz CD-38), Analysis Plus Oval 9's, Zu Jumpers, AudioEngine B1 Streamer, Klipsch RB-61 v2, SVS PB1000 sub, Blue Jeans RCA IC's, Shunyata Hydra 8 Power Conditioner
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Garage #2: Cambridge Audio EVO150 Integrated Amplifier, Polk L200's, Analysis Plus Silver Oval 2 Speaker Cables, IC's TBD.
