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New Oil Crisis: An Engineer Shortage

Clipped to the Drawing Board by Adam Crighton  

You've heard the reasons for high oil prices: instability in the Middle East, booming demand in China and India, the sagging dollar. Now add another one to the list: Engineers.
The world doesn't have enough of them. From Alberta to Azerbaijan, the fervent hunt for new reserves of oil and natural gas is running up against a shortage of experienced oil patch professionals. "We anticipate a 10 to 15% shortfall" in the number of veteran engineers and project managers needed to lead the search for new energy supplies, says Candida Scott, director of cost research at Cambridge Energy Research Associates.

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Saturday 24 November, 2007 08:05 AM
 
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