Dynamics of Engineering Labor Markets: Petroleum Engineering and Responsive Supply
Study of the increase in demand for petroleum engineers and the response by college students.
In 2011, the Heldrich Center examined the increase in demand for petroleum engineers and the response by students leading to a dramatic increase in numbers of graduates. Specifically, the research examined the following issues: (1) program dynamics of colleges in expanding size and number of programs; (2) both demand (by industry) and supply (by colleges) of engineers for the petroleum industry; and (3) the surge in industry demand, the mix of engineering fields employed, changes in content, and the response in supply (colleges, retraining, influx from other fields, immigration, etc.).