[COLOR=rgba(0, 0, 0, 0.960784)]“Jobs have certainly been added back in the current expansion, and job growth continues moving into the second half of 2018,” he said. “But again, estimated upstream oil and gas employment as of June 2018 is down by over 68,000 jobs compared to peak industry employment levels in late-2014, and still crude oil production is at record levels and continues to climb.”
[COLOR=rgba(0, 0, 0, 0.960784)]The takeaway for Albertans, the most important lesson, is that these changes are structural – baked into the cake, as it were. Every oil producing jurisdiction is wrestling with them.[/COLOR]
[COLOR=rgba(0, 0, 0, 0.960784)]Unemployed petroleum engineers and geoscientists roaming Calgary’s office towers looking for a job even as the provincial industry recovers is now a feature, not a bug, of the modern oil and gas economy.[/COLOR]