The oil economy is a large force that is the driving force for the world economy. Disruptions in this market affect the world at large due to its global nature. It is largely susceptible to political, geographical and economic changes. This is a global economy with major stakes of oil companies invested in the market. The shifting nature of this economy makes this market irresistible to investors for speculating prices on oil.
Previously underdeveloped countries are now thriving as their economy flourishes and gains a strong foothold. These countries are largely responsible for the major increase for demand in the oil market. The demand keeps on escalating while oil companies try to find new oil wells and reserves to meet this shortage in supply. The disparity in its demand and supply is largely responsible for the bloated and inflated oil prices, the sting of which is felt by every corner of the world.
The Middle East still remains the giant among oil exporters. Any disruptions or tensions in this region such as the Libyan civil war cause havoc in the world oil economy. While other regions like Africa, Europe, North America and Asia Pacific contribute towards global oil exports, it is the Middle East which is the major exporter among all these.
Despite it being a global industry, the basic structure of the industry tends to be the same in all four corners of the world. There are entry level, research level and administrative jobs in this industry. You need to decide at the outset about which job will suit you best in the industry.
Some prefer to work at the downstream level where oil companies are involved in drilling, finding and maintaining oil wells. While yet others are interested in midstream jobs where companies are involved in the storing and transporting of oil through pipelines and tankers.
There are plenty of opportunities in this industry even if you start at the entry level. You have an excellent chance of being offered an upper level position if shown dedication and diligence to your tasks. Moreover it is an industry that is rapidly expanding due to global oil demand and requires a large workforce to keep the industry running. So there are a lot of vacant positions existing right now and new positions being created everyday as the oil companies expand rapidly. So all you really need is find yourself the right place in these vacant positions.
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By Kyles Humphreys
The oil economy is a large force that is the driving force for the world economy. Disruptions in this market affect the world at large due to its global nature. It is largely susceptible to political, geographical and economic changes. This is a global economy with major stakes of oil companies invested in the market. The shifting nature of this economy makes this market irresistible to investors for speculating prices on oil.
Previously underdeveloped countries are now thriving as their economy flourishes and gains a strong foothold. These countries are largely responsible for the major increase for demand in the oil market. The demand keeps on escalating while oil companies try to find new oil wells and reserves to meet this shortage in supply. The disparity in its demand and supply is largely responsible for the bloated and inflated oil prices, the sting of which is felt by every corner of the world.
The Middle East still remains the giant among oil exporters. Any disruptions or tensions in this region such as the Libyan civil war cause havoc in the world oil economy. While other regions like Africa, Europe, North America and Asia Pacific contribute towards global oil exports, it is the Middle East which is the major exporter among all these.
Despite it being a global industry, the basic structure of the industry tends to be the same in all four corners of the world. There are entry level, research level and administrative jobs in this industry. You need to decide at the outset about which job will suit you best in the industry.
Some prefer to work at the downstream level where oil companies are involved in drilling, finding and maintaining oil wells. While yet others are interested in midstream jobs where companies are involved in the storing and transporting of oil through pipelines and tankers.
There are plenty of opportunities in this industry even if you start at the entry level. You have an excellent chance of being offered an upper level position if shown dedication and diligence to your tasks. Moreover it is an industry that is rapidly expanding due to global oil demand and requires a large workforce to keep the industry running. So there are a lot of vacant positions existing right now and new positions being created everyday as the oil companies expand rapidly. So all you really need is find yourself the right place in these vacant positions.
Kyles Humphrey is a knowledgeable writer in oil related fields, who frequently writes articles related to oil prices & indexes and crude oil including tips on investment in oil. Please visit oil.com for more details.Published at Sooper Articles ? Free Articles Submission http://www.sooperarticles.com
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Source: http://www.thesolarpowerstation.info/2011/10/the-oil-industry-as-pertaining-to-jobs/
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