#21 – Hard Times

West_Texas_Pumpjack

Not the Charles Dickens book but the state of Aberdeen, the (self-proclaimed?) oil capital of Europe.. The biggest news, from a personal perspective this week, was probably the additional job cuts announced by the likes of BP and ConocoPhillips. All that puts into context a chance conversation with the guy behind the till at the corner shop where I grab the odd packet of biscuit or pint of milk when required. It turns out that he is a Reservoir Engineer, out of work for the last 10 months.

Sobering thought, given the direction the oil price seems to be headed, and the additional volumes Iran is bringing to the table.