Petroleum Pump System Operator Employability Rating
Sokanu rates Petroleum Pump System Operators with a D employability rating, meaning this career should provide weak employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will need 17,000 Petroleum Pump System Operators. That number is based on 900 additional Petroleum Pump System Operators, and the retirement of 16,000 existing Petroleum Pump System Operators.
Demand for Petroleum Pump System Operators
The job outlook and demand for petroleum pump system operators is precarious. The impact of the extended oil price downturn will likely have long-term effects on employment throughout the industry. Prior to June 2014, one of the common challenges facing the industry was talent. Would there be a sufficient skilled workforce to fulfill the potential of the shale revolution, growth in deep water drilling, and related mainstream projects? In the wake of massive layoffs, these concerns seem very distant.
Currently, due to decreasing demand for gasoline and refinery closures, the question is: Will laid off workers come back to the industry when the recovery begins in force? The short and blunt answer is that the coming decade for the oil and gas sector will be ‘a slow road back.’ Supply and demand balances remain slow to return to a sustained equilibrium. Iran could actually bring more production on line; although the OPEC decision to cut production – if it can be relied upon – should help accelerate the drawdown of massive global crude oil and refined product inventories. Big picture issues, however, cloud any suggestion of a quick rebound. Climate change concerns and the rise of the electric vehicle and ride sharing services will continue to present emerging and evolving challenges for the oil and gas industry.
Supply of Petroleum Pump System Operators
The Petroleum Pump System Operator industry is concentrated in Texas, Louisiana, and California.