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Energy industry's biggest shortage? Future executives.
The Christian Science Monitor ^ | December 13, 2005 | Kris Axtman

Posted on 12/15/2005 2:49:46 PM PST by Sonny M

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1 posted on 12/15/2005 2:49:49 PM PST by Sonny M
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To: Sonny M

As they used to say, the chair is always filled by a derriere. And there is no shortage of derrieres, neither now nor in the future.


2 posted on 12/15/2005 2:59:46 PM PST by GSlob
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To: Sonny M

I'm calling BS.


3 posted on 12/15/2005 3:06:12 PM PST by TexanToTheCore (Rock the pews, Baby)
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To: Sonny M
To be honest, I don't see why anybody who is qualified would want to work in the energy field.

They fire you at the first sign of trouble, you have no job security and its not like they pay better then any other competitive industry in relation to the jobs.

i.e. you can work on wall street, in finance, or whatever, for the same pay, and still know you will have a job in 5 years.

The energy companies created their own problems with none of the top guys ever retiring, and everyone coming up through the ranks getting laid off, every few years.

The energy industry wrote the blueprint on how to screw itself over and make sure its an undesirable field to work in.

I have an MBA, I also have enough common sense to know that the risk to reward working for one of those companies is crap.

4 posted on 12/15/2005 3:19:46 PM PST by Sonny M ("oderint dum metuant")
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To: Dog Gone

I am dealing with newly hired clown in a newly created Energy company using a new drilling company with newly hired hands.


5 posted on 12/15/2005 3:33:08 PM PST by razorback-bert
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To: qam1; ItsOurTimeNow; PresbyRev; tortoise; Fraulein; StoneColdGOP; Clemenza; malakhi; m18436572; ...
Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.  

6 posted on 12/15/2005 3:40:58 PM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: razorback-bert

Is this limited to the oil industry only or is it industry wide?

With government rules and regs who wants to work in any area where you know you will probably get the shaft, sooner rather than later.

In God We Trust.

MERRY CHRISTMAS!


7 posted on 12/15/2005 3:50:41 PM PST by mulligan
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To: razorback-bert
This story is exactly correct. The industry has been downsizing for the last 20 years and only now has come to the realization that nearly everyone working for them is aged 47-52, and they don't plan to work until they're 65.

Companies are starved for talent at a time when energy prices are creating a frenzy of activity. I've got three companies chasing me and I'll pick the highest bidder.

8 posted on 12/15/2005 3:55:33 PM PST by Dog Gone
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To: Dog Gone

Are you on linkedin?


9 posted on 12/15/2005 4:00:24 PM PST by BurbankKarl
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To: Dog Gone
?This story is exactly correct. The industry has been downsizing for the last 20 years and only now has come to the realization that nearly everyone working for them is aged 47-52, and they don't plan to work until they're 65.

Companies are starved for talent at a time when energy prices are creating a frenzy of activity. I've got three companies chasing me and I'll pick the highest bidder.

The electric side of the equation is not different. There was a sudden awakening in the last 3 years that a lot of very well-trained and experienced people are going to retire very soon. And nobody is coming up in the ranks to replace them.

And of course, massive layoffs at my previous employer put them in a bit of a bind 3 years ago, not just due to a shortage of key employees but also due to apathy on the part of the remaining workforce. I left in 2001. I'm money ahead, a bit more eager, less stressed, and able to enjoy the fact that my present employer didn't cause a major blackout in the northeast. I can't quite say the same about the previous one. :)

10 posted on 12/15/2005 4:04:52 PM PST by meyer (Dems are stuck on stupid. Al Gore invented stupid.)
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To: Dog Gone

Good for you, I and my partner just keep jacking our price up.


11 posted on 12/15/2005 4:05:01 PM PST by razorback-bert
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To: BurbankKarl
Are you on linkedin?

No, perhaps because I've never heard of it. What is it? Tell me it's not a designer drug. ;-)

12 posted on 12/15/2005 4:10:14 PM PST by Dog Gone
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To: Sonny M
RHR reports that America's 500 largest companies anticipate losing half their senior management in the next five to six years.

Immigrants from India will fill the spots.

13 posted on 12/15/2005 4:13:28 PM PST by xrp (Conservative votes are to Republicans what 90% of black votes are to Democrats (taken for granted))
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To: Sonny M
Indeed, just as important as finding new talent is keeping it. The downsizing of the 1990s cleaned out middle management and created little loyalty.

I can't imagine why. Companies dropped qualified people like bad habits when the bottom line moved. I wouldn't even consider working for a company in this day and age without a contract.

14 posted on 12/15/2005 4:14:08 PM PST by Jigsaw John
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To: Sonny M

bump


15 posted on 12/15/2005 4:15:24 PM PST by VOA
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To: Dog Gone
Companies are starved for talent at a time when energy prices are creating a frenzy of activity. I've got three companies chasing me and I'll pick the highest bidder.

Good for you. "The Pantry" seems like a nice place and you get free "Squishies" and roller hotdogs. If that's not your first choice, pick a gas station with a Krispy Kreme donut bin. Mmmmm! Good eatin'!

=)

16 posted on 12/15/2005 4:20:24 PM PST by SquirrelKing
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To: xrp
Immigrants from India will fill the spots.

Ya know.

With all the engineering backgrounds and whatnot.

That would actually make sense.

And amuse me greatly.

17 posted on 12/15/2005 4:21:49 PM PST by Sonny M ("oderint dum metuant")
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To: Jigsaw John

Exactly the same problem in the coal industry. My husband is not going back; he has found a new career and although he misses mining, we are not trading security for another round of broken promises.


18 posted on 12/15/2005 4:22:01 PM PST by Miss Marple (Lord, please look after Mozart Lover's son and keep him strong.)
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To: SquirrelKing
Krispie Kremes and roller dogs. Yikes. I like working on the end of the business where the Halliburton guys bring in hot kolaches and bacon and egg biscuits every morning.

I suppose neither is going to be confused with "health food", though.

19 posted on 12/15/2005 4:30:02 PM PST by Dog Gone
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To: Sonny M
My business travels take me to lots of the Fortune 500 in the Midwest (mostly Minneapolis). I see LOTS of Indians up here.
20 posted on 12/15/2005 4:36:05 PM PST by xrp (Conservative votes are to Republicans what 90% of black votes are to Democrats (taken for granted))
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