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100,000 oil jobs could be coming back

Published: Jul 15 2016
100,000 oil jobs could be coming back - Photo
Good news laid-off oil workers: U.S. energy companies could soon face a serious worker shortage. Goldman Sachs believes the American oil industry is about to stage a big comeback from the painful downturn and big job losses caused by oversupply. As more oil fields come on line and America's oil boom gets back on track, there simply won't be enough people to do the required drilling, well completion and other logistical work. Cheap oil wiped out nearly 170,000 oil and gas jobs since late 2014 as desperate companies scrambled to cut costs and avoid bankruptcy.


Read more at http://money.cnn.com/2016/07/14/news/economy/oil-jobs-worker-shortage/index.html