With Chevron laying off 20% and all the consolidation of companies buying companies, who is going to work the jobs in 10 years after boomers retire and there aren’t replacements in the industry?
11 replies (most recent on top)
There is no energy transition and never will be. All smoke and mirrors. The problem is energy consumption is increasing so there will be a need for all of the above to keep the lifestyle people are used to by default. Nobody is going to rollback lifestyle for the environment its all talk.
I love me a good protest. Doesn’t matter the cause. Are we rescheduling?
Why don’t you get a real engineering degree. You can always use that degree to get a petroleum engineering job and you might actually learn engineering in school.
I graduated HS in late 90’s and told one of my classmates I was going to major in petroleum engineering. He made similar comments about why would I get a job in a dying industry?
There is going to be oil and gas demand for a long time and there will be a need for fresh blood in the industry. Long live oil and gas. The underpinning of a prosperous society!
What we be protesting?
You won’t get anything out of business here in the US after DT is done destroying it. Happy Presidents’ Day. Make sure you protest if they have a protest at Greenway Plaza tomorrow.
If you go into this profession from a land standpoint make sure to focus on renewables and not oil and gas. You won’t get a career out of the oil side of this dying industry.
Every time the experts said hydrocarbons were on the out a new technology has extended it's timeline. Cold fusion was supposed to make me obsolete in the 1980's... Instead, I had a challenging and lucrative 40 year career. We will keep finding hydrocarbons and the world's need it for hasn't changed. Third world and emerging economies will depend on oil and gas for many generations to come. You live in the land of Teslas (which by the way many use natural gas to create the electricity that makes the car go) and it is difficult to see the global picture.
Many companies are bloated (post Covid) and need to be thinned out. Educated, eager and inquisitive people have always retained their jobs...It's up to you.
Agree on the locations being a downside. It is hard to believe that software developers would make as much as an experienced petroleum engineer or geo professional.
Yes overall the salary and benefits are top notch, but the problem is now there are so many industries like tech, AI, healthcare that are the same way without the same bo-m bust nature of oil and gas. Plus, who wants to live in places like midland or Houston?
When you account for the risk of losing your job the oil industry is still close to the top in terms of risked salary and benefits.