<p>Yes i have searchbarred and read the previous threads but I would like to know the state of the field currently and in the near future (what will happen in 4 years?). </p>
<p>How are the job prospects in the wake of the oil spill and the down economy? </p>
<p>How tough is the job in general? </p>
<p>Any information would be appreciated.</p>
<p>*I'm going to UT Austin as undecided so I'm still thinking about possible career paths and this one seemed a bit exciting (and with high pay) so I thought I would find out more about it.</p>
<p>Petroleum Companies have been the most profitable companies in the world for decades. The industry is well established and is not going away for atleast another 50 years. The world has a demand for petroleum greater than almost any other demand. The oil spill will not effect the industry very much. For example Exxon valdez oil spill effected exxon stocks for a few years but now they are the 2nd most profitable company In the world.</p>
<p>The job of a petroleum engineer is filled with challenges. They are also paid accordingly with the highest starting salary of any engineering discipline. They usually travel to distant locations every few years through many countries. Most do field work meaning 3 weeks on shift and 3 week vacation.</p>
<p>It is no doubt a tough and challenging job.</p>
<p>Job prospects as of now are not as good as before due to th economy. But within 5 years job prospects will be excellent due to the aging retiring and the economy back up. Dwvlopng countries are thrirsty for oil so help to fill their thirst!</p>
<p>what he said</p>
<p>alchemist my friend I always enjoy reading your posts. Your passion for this field practically drips around your typing :)</p>