AM-15-49 Addressing the Energy Industry Talent Gap

Description:

Over a six-month period, the price of West Texas Intermediate (WTI) crude plummeted by more than 50% percent from $107 per barrel in June 2014 to less than $60 per barrel in December 2014. The dramatic drop over the last several months has many economic forecasters lowering their projections and has resulted in several energy companies announcing significant headcount reductions. While the downstream sector can initially benefit from low crude prices, virtually every company connected to oil has seen a share price decline by a significant margin. As every industry veteran knows, the price of oil has ridden this roller coaster before. At least four times in the past 40 years, the price of oil has dropped by more than 33 percent from its peak.