NO...it is more than that...one of the biggest group of retiring industries is the oil and gas personnel. The experience that existed 20 years and longer ago is retiring and the “X & Y” generation” of wuzzies who don’t want to get sweaty and dirty aren’t filling the shoes.
There is a HUGE career opportunity in O&G but it has been demonized and made to look unstable so people shun it as a career path.
I can tell you that we have “rig hands” at my place of employment...many who are high school drop outs and with a bit of a prison record...making at the ripe age of 22 & 23 yrs of age over 150,000.00 EASY!
EASY easy easy money....BUT it involves hard and dangerous work.
Man, if my business goes bust I think I know what I will do for 3-5 years!
EASY easy easy money....BUT it involves hard and dangerous work.
Just bought a $$$boatload of stock in Transocean Inc.(RIG) and Schlumberger (SLB).
There's a lot of money to be had investing in the "Drillers" and "Oil Services" industry. IMO.