Oilfield Service Companies Can’t Catch A Break

Unless you’ve been living under a rock, you’re probably well aware that oil and gas prices are skyrocketing around the United States and around the world. As the global economy bounces back from the novel coronavirus pandemic and demand for goods and services recovers to something like pre-pandemic levels, supply chains and nodes of production have been unable to keep up. Supply bottlenecks, shipping restrictions, and labor shortages have led to high costs for all kinds of economic sectors, but few have been hit as hard or as swiftly…