In The News

Grid News. By Matthew Zeitlin, March 8, 2022

“There are significant labor shortages in the industry, as skilled people have been drawn away from the oil fields,” said Thomas Emanuel Dans, an Amberwave co-founder who served as a counselor in international affairs at the Treasury Department. “They can’t be brought back immediately. There are other shortages, including for drill pipe. I wouldn’t expect very short-term changes in terms of our supply picture. We’re probably short at least 100 rigs in this country. That’s a physical constraint.”