HP Impact: HPImpact: Shortages in project, operations workforce concern HPI leaders
While US petroleum companies declined from 1995–2003, they also aged. The average age in the industry is 49 yr. With the emerging seller's market and rising hydrocarbon prices, the nation's emplo..
While US petroleum companies declined from 1995–2003, they also aged. The average age in the industry is 49 yr. With the emerging seller's market and rising hydrocarbon prices, the nation's employment grew 5% between 2004 and 2005 (Fig. 2). The industry is "now bumping against resource constraints," says a new study from Transmar Consult (www.transmarconsult.com).
Fig. 2
Employment trend in US oil and gas industry.
In the 1980s, the US was graduating about 80,000 engineers per year. Now, that number totals less than 60,000. A review of the numbers from Texas A&M University, f
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