By Alison Huntington
I keep a close watch on the price of oil
Lest my consulting practice goes off the boil
I must admit, I felt worried for a time
But things are fine, I walk the line
…is not what Johnny Cash sang, but does neatly sum up consulting to the energy sector over the last year or so.
With the price of oil standing at around half of what is was a year ago, the oil industry is in a situation it hasn’t seen for decades. Clients’ revenues have been slashed but, fortunately for consultants, that hasn’t translated into projects getting canned.