Some oil industry professionals are beginning to express concern that their industry will soon face a substantial skills crisis according to the latest Global Energy Talent Index (GETI).

According to reports, more than 17,000 respondents participated in this year’s GETI survey, with 40% saying they believe the industry is already facing a skills crisis.  Another 28% believe a skills crisis will begin within the next five years.  The survey report cited cuts to graduate programs and apprenticeships, as well as continued fallout from the latest economic unrest.

While it expressed concern, the report also noted that talent in the oil industry tends to come and go as the economy fluctuates.