[QUOTE=Bayrunner;131190]I have been reading a lot of the articles that c.capt and a few others have been posting and it seems like things are slowing down. Do you all think that even though they may be slowing down the jobs will still be there, or are we looking at a straight bust and massive layoffs? I have been trying hard to get down there, but I dont want to leave my low paying but stable job if im only going to get laid off in 6 months.
For what its worth im planning on being down there knocking on doors March 10 - 14.[/QUOTE]
I recommend that you make the move soon. Any slow down in hiring is probably a year or two away, but getting hired sooner is better than later. Layoffs of any significance are unlikely for at least several years. Contracts have been signed and current drilling plans are too far along to change course now. A slow down might be occur in a few years, perhaps not for 10 years or more. The Gulf of Mexico is the best and most reliable offshore oil prospect, with the lowest costs, anywhere in the world. It will be the last place to slow down.
As others have mentioned, Mexico has ended Pemex’s monopoly. Mexico is rich in natural resources, but the people are poor due solely to gross mismanagement and corruption. They are tired off that. They are letting in foreign companies to explore for and produce oil (without Pemex in their way) on the scale necessary to lift Mexico out of poverty.
Brazil has a similar problem with the Petrobras monopoly, silly work rules, and a crazy legal system. In spite of all its oil, Brazil remains a difficult and very unpredictable place to try to earn a profit. I am told by a reliable source that ECO is bringing seven boats back to the Gulf from Brazil. Hornbeck has already brought most, if not all, of its boats back from Brazil.
The problems in Africa are so well know that there is no need to repeat them.
China and India continue to grow and consume more and more oil.
There are only two certainties in life, the rest is a gamble. The Gulf looks like a very worthwhile bet to me.