Job seekers with engineering backgrounds and experience should definitely consider a job in the oil and gas industry. The pay is much higher than their counterpart industries and if you are one that wants to travel you could find yourself employed anywhere in the world. From countries like China to Kazakhstan the options are endless when it comes to the oil and gas industry. For job seekers with a bit more flare for adventure there is the offshore oil rigs based kilometres out to sea that can offer highly paid wages in return for the oil rig discomforts and personal safety one puts at risk for being there.
Oil and gas recruiters are always looking for expat engineers and if you have industry experience you have just made yourself highly employable. Entry level positions are hard to come by when working in a foreign country as most companies would prefer to pay the local employee the countries acceptable pay rate (Which, to you or me is close to nothing!). Although Central Heating engineers Manchester living conditions can be a little different from what you would normally expect from back home most people expats learn to appreciate the way of life from what they are used to. Most developing countries are a lot more relaxed than normal hustle and bustle of developed countries and there seems to be a lot less red tape.
There is an ever growing demand for engineering jobs in oil and gas. As the industry diversifies, so does its demand for what they expect from there engineers. New positions are created on a regular basis. Developing countries and countries now tapping into their natural reserve are looking to the expertise of engineers to help in the development of new plants the world over. Australia oil and gas jobs have grown tenfold over the last years and even countries like China look to the help of the oil and gas engineer.Due to the world demand for cleaner fuels the industry has now had to employ engineers from environment and green backgrounds. As the industry moves forward so it creates new jobs and being qualified as an engineer will almost definitely find you in regular employment.
Third, the supply of oil must be factored into the equation. There hasn’t been a discovery of a major oil-field in decades. The amount of oil pumped from an oil-field doesn’t stay the same. It will naturally decrease over time. There have been improvements made in getting the oil out of the ground, but overall, the number of barrels a day pumped is declining. For instance, did you know that the production of OPEC is lower today than it was in 2005?So this ‘simple solution’ obviously won’t work. I believe that there is little we can do in the United States to significantly lower the price of oil. There simply isn’t enough oil to meet the needs of the world economy. Understanding that affects how I manage my clients’ portfolios.As an investor, understanding the Laws of Supply and Demand will help you select where you should invest. Avoiding industries where supply is increasing faster than demand will reduce your losses. Investing in industries where demand is growing faster than supply can increase your profits.