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Oil Industry Faces Huge Worker Shortage Analysis

2016-07-13 01:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Eurasia Review: Offshore platform, Gulf of Mexico. Photo by Chad Teer, Wikimedia Commons. The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling anew. Shale drilling is a short-cycle prospect, requiring only a few weeks to drill and bring a well online. Because of this, the collective U.S. shale industry has been likened to the new "swing producer": low oil prices force quick cutbacks but higher prices trigger new supplies. In essence,...

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