Page added on July 9, 2006
The outlook for our domestic petroleum industry has not looked this good since the last oil boom a generation ago. Oil prices have doubled since 2004. Wall Street and investors from around the world have been getting on board for the next big energy deal. The energy sector seems to have learned the hard lessons from the boom and bust days of the 1970s and 1980s and is more financially disciplined than ever. Overall, the future looks very bright indeed.
Behind this sunshine, however, loom some very dark clouds. Our industry faces a silent crisis that will affect our nation’s ability to sustain our economy: the lack of qualified and experienced petroleum engineers.
Washington Times
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