<p>Though petroleum engineering jobs are likely to exist for at least 40 years, will their relative salaries decrease drastically? From what I read, the number of petroleum engineering jobs will fall dramatically. So with such a low demand for and high supply of petroleum engineers, I can expect terrible wages in the future?</p>
<p>it’s not always about the wages</p>
<p>with a degree in petroleum engineering, you should be alright. and there will jobs in petroleum engineering for the next century. oil is used in everything from plastics to fertilizers and a whole bunch of other stuff. i don’ see PE going anywhere for the next 100 years as well as the jobs for it.</p>
<p>and your definition of terrible wages is relative? what do you think is an acceptable salary for a petroleum engineer?</p>
<p>You first say:
“the number of petroleum engineering jobs will fall dramatically”</p>
<p>Then you say:
“high supply of petroleum engineers”</p>
<p>The number of Petroleum engineering jobs are growing by a decent amount according to BLS. Petroleum Engineers have had the highest salaries of any engineering discipline for the past few decades and salaries are still rising on average. Experienced Petroleum Engineers have excellent job prospects even in 40 years they will definitely by in high demand. It may be troublesome for a student from class of 2035 to find a job but it will be easy for a student from class of 2015 to find a job even in 2045 because experience is something you will have by that time.</p>
<p>I’m not saying I agree with what he said, but it does make sense.</p>
<p>High supply of petroleum engineers doesn’t mean high number of petroleum engineering jobs.</p>