Has anyone noticed an improvement in job opportunities as the oil goes up? I had high hopes that as the price went up people would finally get some relief, but it seems to me that there are no changes for the better. I wish I wasn’t right.
Maybe it’s too early to talk about any improvements? Any thoughts?
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companies are highly in debt. Need to pay this off before considering further investment in oil production capacity, this will take time. Also many are pivoting to renewable investments so likely smaller pot to reinvest when they do have the ability to do so.
My guess is that significant further investment won't come until there is sustained high (>80$) oil price and a new investment year. Maybe end 2022/start 2023?
The positive news for jobs. The lack of investment over the last 5 years will probably produce an oil spice in the next 3 ..$150/bbls anyone. But will people be prepared to wait that long for a new job?