How Bad Is It???

[RIJIMMY]

Originally Posted by spence

What a lame thing to say

Look at the companies that produce oil and gas exploration equipment, they all have 10 year backlogs of orders.

The US has the best environment for innovation, investement and IP protection on the planet...the the world has big problems that need to be solved. Energy technology alone is perhaps a bigger growth industry that has been seen in many decades.

-spence

yes, and with the drop in oil prices, companies will have less to invest, thus stopping research and exploration.
Energy technololgy as growth will no be viable for YEARS, at least 5-10. thats not growth. I stand by my statement.

[spence]

Originally Posted by RIJIMMY

yes, and with the drop in oil prices, companies will have less to invest, thus stopping research and exploration.
Energy technololgy as growth will no be viable for YEARS, at least 5-10. thats not growth. I stand by my statement.

There will be no shortage in research and exploration. Yes, areas that are thought to be less productive will be tapped into as late as possible, but the incredible demand for energy (even assuming declines in consumption from a global slowdown) will still mandate companies do everything to increase supply or innovate new technologies.

It simply has to happen or the human race with collapse. This on its own has an energizing affect on the economy.

-spence

[Moses]

Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&

RI JIM there's no perception problem. Medical stuff is through the roof still, values have held VERY well, Athena just announced yesterday they are hiring 400 new employees in the next year in Maine alone.

Originally Posted by spence

What a lame thing to say

Look at the companies that produce oil and gas exploration equipment, they all have 10 year backlogs of orders.-spence

As my earlier post stated, my job is safe and as a company we are still hiring. I actually work for a medical software company. Our customers (hospitals, home care agencies, long term care facilities, etc) have been somewhat affected by 'an available credit' crunch but we have a backlog of over 1+ years of signed business.

Don't get me wrong, folks should be prudent in these times but everything is cyclical and some companies will fare far better than others during these tough economic times.