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United States

Mr. President, There Is No (US) Engineer Shortage 580

McGruber writes "Vivek Wadhwa has written an article in the Washington Post titled, 'Mr. President, there is no engineer shortage,' which addresses the perceived national shortage of engineers. Wadhwa slams China for its practice of applying the 'engineer' label to auto mechanics and technicians, yet fails to slam the U.S. for its practice of applying the 'engineer' label to sanitation workers, building janitors, boiler operators, FaceSpace coders, MSCEs and DeVry graduates. He also says, 'Some of [the U.S.'s] best engineers are not doing engineering, and some of its best potential engineers are not even studying engineering, leaving us short-changed in solving the important problems of the day.'"

Comment Re:Old news? (Score 1) 230

This is spot on.

Exploration and Production is High Margin
Refining and distribution is Mediocre Margin

If the Oil trading group acts to maximize the profit, it could be at the disadvantage of the refining and distribution operations. It is a very very complex supply chain. This break up will allow Refining and distribution to maximise their own margin without regard for the upstream supply chain.

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