Forget Peak Oil, worry about "Peak Labor"
- From: pyotr filipivich <phamp@xxxxxxxxxxxxxx>
- Date: Fri, 18 May 2012 09:21:05 -0700
The short form is that despite the new oil reserves coming on-line,
there is a skilled manpower shortage.
"A [...] study by the Petroleum Human Resources Council estimates
about 39,000 workers will be needed in Canada alone to replace those
who are expected to retire before 2020 just to maintain the status
quo. The industry could need as many as 130,000 new hires by the end
of the decade with more bullish oil and gas prices."
"Already at least one analyst firm is scaling back its drilling
activity forecast for 2012, in part because there aren't enough
workers who can drill big, complicated wells. For now, NES Global
Talent sees a depletion of skilled workers in oil and gas fields in
the United States, Great Britain and Australia, three of the busiest
oil and gas regions, will become a major problem."
As if we did not have enough to worry about.
"As economist Arthur Laffer has observed, there is nothing more portable
in this world than money and rich people."
Tom McClintock, California State Senator
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