@pkgeoghegan recently penned this piece for Politico.
"Since late 2014, nearly 100,000 people have lost their jobs in the oil industry and its supply chain. Another 360,000 have taken pay cuts of, on average, 15 to 20 percent. Workers are giving away cars they can no longer afford to run. Changes to shift patterns mean workers often spend less time on land, which exerts a heavy toll on their families.
Jake Molloy, a regional organizer for the Rail, Maritime and Transport Union, and a former offshore worker, blames the government for “failing” an industry that has contributed some £300 billion to the British exchequer since oil was discovered in the area in the 1970s.
When it comes to oil, successive U.K. administrations have followed a simple policy: Tax heavily in the good times, loosen purse strings in the bad. Now with exploration at lows not seen since the 1960s, Westminster “doesn’t seem to have a strategy” for reinvigorating the industry, says Molloy.
“I think there is a lot more pain to come.”