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I’m not sure how many of you were at the Offshore Technology Conference at the beginning of this month, but I was blown away at not only the number of attendees but also the number of exhibitors. According to OTC, the final attendance number was more than 75,000 (see full release here).

The high attendence is certainly not surprising; the oil and gas industry is all over television, web and print. Without question, the industry is doing great; oil and gas-linked cities like Houston (the annual location of OTC) are definitely profitting.

On the flip side, oil and gas sources are increasingly difficult to access, so the costs for the industry are increasing at an amazing rate. The industry is also experiencing a shortage of talent, as I mentioned in my first post.

How do people in the industry feel? Are the profits outweighing the multiplying challenges? What is the general feeling about the next few years? Everyone is worried about the price of gasoline (will it ultimately be $7/gallon? $12/gallon?), but what should we really expect?

This entry was posted on Friday, May 23rd, 2008 at 11:42 am and is filed under Alexandra Ferretti Blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.