U.S. Oil Industry Pumps Record Volumes with Fewer Workers

While U.S. crude oil production breaks record highs, the number of upstream and oilfield services jobs is flatlining and has started to fall, indicating that America’s oil and gas producers are now “doing more with less” as efficiency and automation in the shale patch are rising. The oil and gas sector still supports hundreds of thousands of upstream and services jobs and millions of associated jobs in the energy value chain and the hospitality industry.   However, the post-pandemic rebound in oil and gas hiring—after…