To produce oil from existing infrastructure does not take that many skilled workers.fifthcolumn wrote:Since there is a limited supply of qualified oil workers and we were at current physical infrastructure peak last year (if not yet at geological peak) then what effect will this have on oil supplies if 40% of oil workers are out of the picture? And oil tanker delivery guys etc etc?happychicken wrote: 30-40% of people sick globally at the same time is not a happy scenario.
That said, if this flu prevents the American "driving season" from taking place then there may be much more muted demand for oil.
Whatever happens, 2009 is going to be very, very interesting.
The large skilled workforce in the oil industry are largely engaged in exploration, and in building new infrastructure to exploit new discoveries.
The work force in a large oil refinery, is partly engaged in maintenance, which can be postponed, rather than production.
Some staff could be replaced by troops, and other staff shortages can be covered by overtime working, and by deffering less important work.
At present there is a surplus of crude oil, with many tankers being used as floating storage. Saudi Arabia has some spare capacity that has been shut down to support prices.
I would be more concerned about food and electric power than oil.