Here’s the real long-term threat to the oil and gas industry
In www.businessinsider.com 27/08/15, Michael McDonald, from www.oilprice.com spoke about the need for businesses to take a longer term view of the outcomes of fluctuating oil prices and perhaps learn from 2008 Recession. As a result of the Recession, labor was cut back dramatically and there was cost saving imposed at all levels as demand plummeted. However, in the not too distant future when demand began to return there was a lack of available skilled labor. He said the same could happen in the O & G Industry.
Source: www.businessinsider.com
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