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Oil service companies at standstill

Posted at 1:09 PM, Mar 18, 2016
and last updated 2016-03-18 21:41:11-04

More than three thousand jobs were cut in Bakersfield from February of 2015 to February of 2016, according to the California Labor Division.

These jobs were specific to mining, construction and logging, which some say is directly related to oil.

Scott Gilliam, Vice President of Gilliam and Sons, said the oil side of their business has decreased by 70% since the price of oil started dropping.

Gilliam said now his machines are sitting parked in his lot, and more are piling in. All across town it's the same story, company after company has lots full of equipment, on a work day. 

At Gilliam's lot, rows of huge machines, bulldozers, lifters, water trucks, you name it, all sit silent. Randy Ratliff, a mechanic with Gilliam and Sons, said the machines he works on now just get parked instead of being turned around and sent out.

"It's been almost a year that it's been slow, I mean it started to slow down...Now it's down to nothing," Ratliff said.

Ratliff said he's been with Gilliam and Sons for 14 years and has seen the oil industry ebb and flow, but says this time, it "tanked".

Ratliff thinks the stocks have bottomed out, and hopes the price of oil is back on the rise.