<p>The petroleum industry is very cyclical, take a look what happened in the 80’s. I graduate in a week from Texas Tech and will begin working for Halliburton in Midland Texas this summer. When I interviewed they said there is a very large age gap currently in the industry with a large amount of employees approaching retirement which means future positions to fill. It will get better, oil is always going to be a valuable commodity, and it a great industry to get into. Once oil stabilizes back to around 60-80$ and the entire economy rebounds everyone will try to get back on this ship. I know Tulsa is doing good graduate research right now and that would be a good option, I do not know much about ULL.</p>