Breitling Oil and Gas Texas and California Morning Podcast #382

The number of U.S. energy workers has grown by 143,000 in the last four years, the workforce is up 41 percent through July 2013.

This growth “outstrips anything” happening in other industries, and any previous post-recession growth in the oil and gas field.

Now I  think a lot of things come into play.  The difference between this recovery and previous recoveries is that several technologies have taken hold.

Chief among the new technologies: the ability to produce shale oil and gas with the use of horizontal drilling and hydraulic fracturing in fields across the US  Fracking uses water and sand pumped at high pressure to break into dense shale, making it possible for oil and gas to flow from the rock.Jobs, jobs, jobs.

Comments are closed.