U.S. Oil & Gas Job Losses Hit ~200,000 in 2020 Due to Pandemic, M&A

Rystad Energy says worldwide the oil and gas industry has lost some 400,000 jobs in 2020. About half of those, says Rystad, are jobs lost in the U.S. Reuters is quoting Secretary of Energy Dan Brouillette as saying U.S. oil production will likely not return to its pre-pandemic peak of 13 million barrels of production per day–at least not any time soon. Ergo, those jobs are not coming back any time soon.

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