“Those jobs never came back.”But when Gilmer surveys Houston’s oil and gas-driven economy these days, he doesn’t see a bust. Comprising 6% of the U.S. workforce, America's oil and gas industry is not a pretty picture right now. One big reason why oil and gas jobs could quickly recover, economists reached by Forbes.com said, has to do with a credit crunch inside the shale oil and gas sector last year. Many predict that oil demand could turn permanently lower as people who once drove from home to the office opt to stay home. Nevertheless, if a quick recovery of jobs is in the cards for America's shale oil and gas sector, employees would chiefly have to thank the quick life cycles of a streamlined fracking sector.

Source: Forbes May 12, 2020 03:07 UTC