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The world is running out of oil! The sky is falling! Blah blah blah! There’s no future in the oil industry. Everyone working in oil drilling rig jobs is going to be jobless within a decade! So the environmentalists and doom-saying politicians proclaim to any reporter willing to listen.

Cheap oil is gone. That much is true. The Chinese were the first to drill for oil in the 3rd century. They used bamboo pipes. The next civilization to drill for oil were the Arabs and Persians in the 8th century (no more bamboo pipes). Europe learned how to drill for oil in the 12th century, and offshore drilling was invented in the late 19th century. As you can see, the passage of time saw oil becoming more expensive to produce, with increasingly advanced and expensive technology to drill deeper and in less accessible areas.

Today, the relatively cheap Middle-Eastern oil fields have hit peak oil. The evidence is that OPEC spouted a lot of bull about speculators when oil prices hit $147/barrel in 2008. If their oil fields were still fully productive, they would have just quietly ramped up production to enjoy the sky-high oil prices.

But that’s fine. There are still oil drilling rig jobs available, just that fewer of them will be on land. Even in 2009, Transocean was hiring thousands of workers for their offshore oil rigs. Exxon found yet another oil field in the deep ocean off the Brazilian coast. Basically, as cheap oil on land-bound oil fields dry up, oil companies worldwide are finding more sources of oil offshore. Basically, that is real meaning of the “Peak Oil” theory that the “Chicken Little” politicians like to spout. Cheap oil that costs $10/barrel to pump out from oil fields on land run out, and has to be replaced by more expensive oil that costs $20, $30, $50 or eventually $100 per barrel to pump out of offshore oil fields, oil shale and oil sands. In other words, the crude oil is still there in the ground, and since the demand continues growing (3rd world countries were still consuming 46.33 million barrels of oil per day during the worst of the recession), that means there will still be plenty of oil drilling rig jobs. That’s why the International Energy Agency predicts that the world will spend $20 trillion over the next 25 years to find and produce new oil fields.

But let’s stop with the theories and predictions. Let’s talk about some actual numbers. Although there is a recession, oil companies throughout the world are still spending $400 billion to find and produce oil. Out of these, Exxon on its own is spending nearly $30 billion, or about $79 million a day. Schlumberger, theoretically cutting 5000 jobs, has a backlog of $1.77 billion worth of oil drilling contracts. These are all solid numbers reported by the Wall Street Journal, Bloomberg’s, Barclay’s, etc. With so much money flowing through the pipelines, do you doubt that there are going to be oil drilling rig jobs in the long term?

Oil drilling rig jobs still has a good future in the next 10 or 20 years. While many prophets of doom frequently shout out loud that the world is running out of oil, this is not really true. Oil is going to get more expensive, but oil companies are still spending money and finding new oil fields. Since oil is not running out, and demand for oil remains insatiable, there will still be plenty of oil field jobs in the future.

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Visit http://oildrillingrigjobs.com/ to learn how to quickly and easily find oil drilling rig jobs.

by Calvin Lee