Wall Street Journal:
“Oil prices are back up to their highest levels in more than three years. U.S. production has topped record levels, hitting 10.9 million barrels a day in the last week of June, according to the U.S. Energy Information Administration, compared with its high of 9.6 million in 2015. But as of May, nationwide oil and gas employment is down 21% since 2014...”
If this is true, then why is the
Permian Basin in west Texas and
eastern New Mexico complaining
they can’t find enough workers?
Oil field employment has always
been an up and down cycle.
Fracking has actually increased
the need for workers. Truck drivers
are in huge demand.