Oil just dipped back below $20/BBL
My office is in a 10 story building on Wall Street in the center of downtown Midland. This morning, construction workers are diligently building a $15 Million park across the street where the courthouse used to be. I pulled up to the front door and parked on the curb right outside. I haven't been able to do that on a Monday morning since I moved in here a couple of years ago. I had to use an access card to get into the lobby. Then again to get the elevator to go to my floor. Whereas normally, the lobby and elevators are open during normal business hours. When the doors to my floor opened, it was completely dark, I had to fumble around for a few minutes just to find the light switch. Then I let myself into my office. It's eerie being the only person on my floor at 10am on a Monday morning.
Several folks I've talked to are planning to just "sit back and wait this out." But I don't have that luxury. I've spent a lot of time thinking about pivoting to another industry, but seeing as this is kind of a one-horse town, it will be quite difficult to do without moving. I own a house here in Midland, that I almost certainly can't sell, so I'm feeling stuck. I'm wearing my thinking cap out trying to find a way to benefit from this downturn and I'm running out of ideas.
Rant over.