The Future of Oil and Gas

This article discusses how women and veterans are key to meeting in the industry’s workforce needs. Although the industry is facing a challenging environment, keeping pace with American energy needs will require a substantial increase in the workforce long-term, in part due to demographic trends. The oil and natural gas industry is in the midst of a great crew change, during which 50 percent of the industry’s employees are projected to retire within the next 10 years. Further, of the potential 1.9 million direct job opportunities in the oil, natural gas, and petrochemical industries in the 2015-2035 timeframe, 707,000 are projected to be held by African-American and Hispanic workers. Women will hold a projected 290,000 jobs in the industry. That’s an improvement over the current 237,000 jobs, but just 16 percent of total industry employment. The number represents a major missed opportunity on both sides for women seeking good-paying jobs, and for an industry expanding its workforce to meet future energy demand. Similarly, veterans also have misperceptions about employment in oil and gas, because of their qualifications. However, veterans come to the civilian workforce with extensive technical and nontechnical skills gained from their military experience, many of which have direct applicability to the industry. That’s why The American Petroleum Institute (API) is working with various veterans groups across the country to share their research in hopes of recruiting more veterans into the oil and natural gas industry.

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  • English

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  • Accession Number: 01640133
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 30 2017 12:42PM