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Main » 2016 » July » 14 » USA. Oil production. Challenges ahead
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USA. Oil production. Challenges ahead

 

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. About 350 thousand workers was reduced in the American oil and gas industry worldwide since the occurrence of the oil price fall in the area - for AMarkets materials.

 

AMarkets

 

Number drilling operation today significantly shrunk compared with what was 2 years ago. According to estimates The Wall Street Journal, 70% of US oil equipment industry segment is idle. Shale industry has left 60% of the workforce in this period. At the same time, if the oil begins to rise in price, and will be a question of returning to the circulation temporarily closed towers - return the dismissed personnel will not be easy. People do not sit around and wait - go to work abroad, or change the scope of activities.


Moreover, more than 70 companies offering technical services for the oil and gas industry, filed for bankruptcy in the past year - this resource will also be difficult to resume in the short term. In connection with the foregoing, the analysts believe that if the US shale industry wants to recover in volume (if the oil is good grow up) - this would be difficult. The costs for the industry will rise in any case - will have to offer higher salaries to workers, to lure them from abroad and other industries. And also have to pay more money to service companies - as demand for their services is higher than the offer. Thus, the break-even point for the US oil industry will be more difficult to achieve.

 

AMarkets

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