Do you really fear that? I know there are trade offs. I know that a lot of the markets reacted badly when oil prices began to drop, and certainly many new US oil businesses - fracking and shale - took big hits. Thoughts?
I care about the many Texas engineers and scientists who have been unemployed for months because of low oil prices and who are waiting for the world oil price to go back to $60/barrel, the level at which engineering companies start hiring again. But I also think that, if we plan to become the main energy supplier of the world, we shall have to install major oil facilities in our country, which will force engineering companies to hire for the design, operation and maintenance of these facilities. I also think that natural gas shall become more desirable as a fuel source than oil has been in the past due to environmental considerations. Our abundance of natural gas will become a major contributor to our national wealth, even more so than our oil. You also have to consider that gas requires less processing (expensive) than oil does before it becomes a marketable product. All in all, the program of making America energy independent will create an ocean of job opportunities, nation-wide for many years to last.