What Is Oil Field Jobs?
The US oil industry is booming.
This year, it is expected to add more than $4 trillion to the economy, according to estimates by the Bureau of Labor Statistics.
But not all oil workers are happy about it.
The International Association of Machinists and Aerospace Workers (IAM) says the job losses are hurting oil-related industries that employ about 1 million people.
Oil field workers are among those who feel the pain.
The union, which represents oil workers, recently asked Congress to raise the minimum wage for oil field workers from $8.15 an hour to $10.10 an hour.
It says oilfield workers have been losing their jobs in recent years because of the low price of oil.
“If we get a raise, then they are going to go out and make money,” said Joanne Stapleton, a member of the union’s North Dakota branch.
“The oil industry will make money, and it’s just not going to be enough to keep everyone who is laid off from losing their job.”
Stapleton is one of about 3,000 oil field and construction workers who receive part-time or temporary employment.
She says oil workers often don’t have a stable salary.
“I’ve seen guys lose their jobs and get laid off at the same time, and they have no insurance, no health insurance, nothing,” she said.
Stapton says the oil industry has been hurting her company’s profits.
She said she makes about $10 an average day as a field technician.
But now she says she’s not making enough to make ends meet, and she has to borrow from family to make rent.
Stamont says she would like to see a federal minimum wage increase, but she worries about what that would mean for the oil field workforce.
“It’s not just me.
It’s my family,” she added.
“And I don’t think that we should be paying $10 for something that doesn’t exist.”
The IAM says oil field employees in the state of North Dakota have lost more than 60,000 jobs since 2010.
It said the industry lost $3.7 billion in 2013.
The Oil and Gas Labor Department estimates oil field employment is at an all-time low.
It has said oil and gas jobs have been shrinking for decades and that they are in a permanent decline.
In a report released earlier this month, the IAM said the number of oil field-related jobs in the United States has been falling at a rate of about 1 percent a year for the last three decades.
The industry is losing jobs at a rapid rate, the report said.
That’s because the cost of doing business has gone down, and the supply of skilled workers has increased.
“The price of a barrel of oil has fallen about 60 percent from the mid-1990s,” said the report.
“In recent years, the cost per barrel has dropped to about $100.
Today it is around $70, so it is much less costly to extract oil.”
But some argue that there is an oil shortage.
Oil prices have dropped to their lowest levels since 2007, and production in the oil fields is increasing faster than it can be processed.
A new study by the National Bureau of Economic Research found that from 1980 to 2008, oil production in America grew by 3.5 percent a month.
In 2014, it grew by just 1.5.
The study also found that oil companies are using the oil revenue they make from oil and natural gas extraction to make capital investments in new projects, such as refineries and new pipelines.
The number of jobs in oil and the number that are in oil fields fell by a similar amount in the same period, the study said.
But the decline in oil production is much more pronounced because oil prices are dropping.
The National Association of Oilwell Drilling Contractors said in a statement to The Associated Press that oil and energy companies have been increasing their investment in their drilling rigs, which can cost as much as $1 billion.
It also said they are investing in pipeline upgrades and better distribution.
The Iam says the decline of oil production has hurt the industry.
It worries that if oil prices fall, oil workers will lose their job.
The union says it will not stand for the loss of jobs.
“We know what our job is.
We know what it’s been and how hard we’ve worked,” said Stapton.