With the scarcity of oil, is it worth the trouble to study petroleum engineering?

Hi,
with the scarcity of oil, is it worth the trouble to study petroleum engineering?
in 10 to 20 years in the labor market will be reduced, so is it worth the trouble to do this ?
I wanted to become a petroleum engineer, but now I hesitate on the future of oil

2 Responses to “With the scarcity of oil, is it worth the trouble to study petroleum engineering?”

  1. ∫[0,∞]f(t)e^(-st)dt = F(s) Says:

    They’ve always predicted peak oil would happen at one time or another, but so far it hasn’t happened. There is speculation that the ‘oil comes from plankton’ theory is wrong, and that instead oil is either generated by living organisms that live deeper than we have explored, or that it can come from carbonate minerals. The old petroleum engineers have left "dry" wells for a certain number of years, come back and discovered that the well is full again.

    And besides, with any kind of engineering background you’re at an advantage in getting jobs in technology, even if it’s outside of your specialized discipline.

  2. jsm060409 Says:

    I personally believe that petroleum engineering is worthwhile (financially) BECAUSE oil is (relatively) scarce. It is a matter of supply and demand. If demand remains somewhat constant, and supply suffers then price increases. People will continue to use oil for the near future (50 years) and with the modernization of China, India, and Brazil demand will remain strong even if North America and Europe begin to use renewable electricity.