Economist's Corner - Petroleum industry job security - from an economic viewpoint.
Job security in the oil and gas industry is a big consideration for young professionals starting a career hoping it will last a lifetime. For job security to be a reality in the oil and gas industry, three things must occur over the next several decades:
Demand on a global scale for oil and gas continues to rise (or at least remains sustained).
Reserves replacement keeps pace with demand.
The need for people to bring oil and gas out of the Earth remains steady or rises.
Findings and Forecasts
Many industry economists and other experts have forecasted that there are plenty of remaining unexploited hydrocarbons in the world to produce, consequently requiring a steady stream of new talent. Below are a few recent findings noted in industry studies, and by experts and strategists, on the potential of this industry to meet future demand, which in turn will mean new opportunities for young professionals.