Starting to look like the real threat to jobs is the AI revolution. Five years from now the whole landscape for employment opportunities might be totally different than today. Add in the offshoring of jobs to places like India for cheap labor, and it looks like the perfect storm is brewing.
https://www.forbes.com/sites/jackkelly/2025/05/04/its-time-to-get-concerned-klarna-ups-duolingo-cisco-and-many-other-companies-are-replacing-workers-with-ai/
I just see him rambling on LinkedIn and YouTube about things unrelated to our business. What a home run hire.
@3a4 you mean the dork that lives in California and doesn’t come into the office while I have to show up to work in the office everyday to get on a virtual call? What a sweet deal he has? And his team just building up technology with no users. What a damn joke.
AI cannot think like a geologist or geophysicist . My interactions with AI require large learning/training datasets ... and much qc and editing. I am sure this will change in the future but for now I do not see taking the carbon element out of the equation...you still have a job.
Look at our AI team and the dork that leads it. They’re not replacing oil field workers with that team doing stuff…
People, please be aware AI will just improve decision making in some situations. You still have the risk associated with exploration, uncertainty in oil prices, and variations in reservoir and fluid quality. These uncertainties can create local busts in economics of individual wells in a reservoir development. You could also get situations where 100 million dollars or more are invested in an exploration well only to get a duster. Aloso, due to politics and civil war an entire development can be a bad deal in the end. So, use AI as a tool to understand risk but not to make THE decision.
Consolidation makes a lot more sense as AI is used more and more. Multiple companies using separate models mates less sense when Exxon can buy everyone out and do the same work all at once. Not something that will happen over night but hard to imagine Oxy sticking around for more than 5-10 years. Think we are safe in the short term. Mass job cuts due to AI are still years away. At least in this industry.
AI will be the next step change for the industry. We will push technologies forward and be able to find and produce the hydrocarbons that our current state of the art cannot. Step change came before with the advent of supercomputers, this is the next evolution. Time to embrace the future.
Pretty soon the companies will not even require college degrees for technical positions. If you can push buttons on an app then you can design a frac or layout a large scale field development.