Not necessarily. The petroleum industry is very prone to "boom/bust" cycles, including those induced by fedgov eco-interference. If these kids can land that high-paying job....great.....but they need to live as though they can lose it tomorrow (get and stay debt free, build up a six-month cash reserve....etc).
Good advice for anyone in any industry.
My regret is my first eight post college working years were outside the energy biz.
Good point. I say, become an accountant in the petroleum industry.
I’d expand your point to all extractive/commodity industries. The same sort of boom/bust cycle exists in everything from oil, to precious metals mining, base metals mining, steel/iron/coal/coke, grains/crops, cattle, etc.
The important point is that these “boom or bust” cycles keep these industries from expanding to the point of debt bubble collapse, such as we now see in the housing/real estate industries, banking/finance, etc.