Multibillion-dollar energy projects at risk from lack of skilled workers

03/10/2013 | Bloomberg

A scarcity of engineers and construction laborers is jeopardizing the progress of U.S. oil and natural gas projects worth $100 billion, according to this article. This could lead to a 100% increase in labor costs by 2020 as shale projects continue to multiply, according to NES Global and Piper Morgan Associates. "The cost of labor is being bid up, and that's a problem for our competitiveness," said Peter Robertson, Deloitte LLP's independent senior adviser.

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