BitTwiddler
Electrical
- Apr 3, 2005
- 41
"The stickiest problem, however, may be finding enough experts to execute oil projects. The U.S. oil sector's main lobby, the American Petroleum Institute, said last month that industry employment peaked at more than 860,000 jobs in 1982, then shed more than half a million jobs through 2000. And API says enrollment in petroleum-engineering programs at U.S. universities stood at about 1,500 students in 2003, down 85 percent from a 1985 peak. Yet the companies surveyed by API, which represent just 17 percent of the industry, said they expect to need more than 5,000 engineers in the next five years."
If the USA does not produce the next generation of petroleum engineers, which country will? China?