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re: Texas A&M: A warning to petroleum engineering students

Posted on 10/16/14 at 10:53 am to
Posted by dante
Kingwood, TX
Member since Mar 2006
10669 posts
Posted on 10/16/14 at 10:53 am to
quote:

You proved your stupidity not once, but twice in this sentence.
You are either very young or have no idea about the oil/gas industry.

In the late 80's and early 90's many geologist and PE were unemployed and had to leave the industry because the price of oil was to low to justify drilling new wells.

The state of Louisiana had an out-migration of more than 20,000 people during that period.

The O&G industry is historically very volatile but the last 15-20 years has seen a great run because of high prices and new technology. But the new technology means nothing without the price being high enough to support it.
Posted by Need4Speed
Member since Aug 2014
428 posts
Posted on 10/16/14 at 11:00 am to
quote:

n the late 80's and early 90's many geologist and PE were unemployed and had to leave the industry because the price of oil was to low to justify drilling new wells.

Reason my dad prolly stayed in academia
Posted by TigerHam85
59-024 Kamehameha Highway
Member since Nov 2009
31493 posts
Posted on 10/16/14 at 11:04 am to
Do you people really think geoscientists only work in O&G?

My god. There are thousands of jobs throughout the country for geoscientists. I look at them weekly. Hell one could go make 80k/yr for the city of New York as a geoscientist, and they have multiple positions available. One could also go be a volcanologist in Hawaii for 72k/yr and they also have multiple slots to fill as well.

Point is, comparing the difference between Geoscientists and PETEs job outlook if the petroleum industry tanks is foolish.
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