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100,000 lay-offs so far in the oil industry and counting

But there is a danger in companies cutting too deep, say industry recruiters.

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In the US, the worst pain is, not shockingly, expected to be felt in Houston. The hydrocarbon capital of the world could lose 75,000 jobs.

THIS time a year ago, the oil industry's biggest problem was finding a way to deal with the "retirement tsunami" about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom - 55. Now, with oil prices still in the doldrums, many of those same workers are lucky to...

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