Recently, the European financial markets have been looking frighteningly similar to the US financial markets in 2009. Interestingly, this market turbulence comes at a time when most oil service company managers would say that demand remains relatively strong and there are even shortages of certain types of equipment. For most of us in the industry, our biggest concern in 2011 has not been the availability of credit (as it was in 2009) but the availability of skilled workers, since the energy industry is one of the few around the world that is creating jobs.
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