Herold report

07/10/2000
I have some comments regarding OGJ's June 19, 2000, editorial, "The lay-off legacy."You quote a study by John S. Herold Inc. addressing the short-sighted downsizing programs of the oil companies over the last 18 years, and that according to the Herold report the industry will have trouble playing catch-up in the near-term since there are few experienced people left. Thus, the industry will need to hire non-petroleum engineers and train them.I believe this reasoning is flawed, based on my almost 30 years in the business. I have been fortunate to maintain a career in this industry over that whole period, but times have definitely changed and are unlikely to return to the way things used...
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