He knows what he's talking about — the guy sold his company to Vermillion in 2014 for $427 million.

But I think he's dead wrong.

What's different this time?

A complete, or at least non-glacially-slow, recovery seems profoundly unlikely to me. We might possibly be through the 'everything burns to the ground' phase, but the frenzy of mergers and takeovers has barely started. That will take at least a couple of years. If and when any stability returns to operations, it seems highly probable that it will have these features:

It will be focused on shale. (Look at the Permian Basin today.) It will need fewer geoscientists. (There are fewer geological risks.) It will be driven by data. (We have barely started on this.) It will end in another crash. (Hungry animals bolt their food.)

If you're a geoscientist and have never worked find-grained plays, I think the opportunities in front of you are going to be different from the ones you're used to. And by 'different', I mean 'scarcer'.

Where else can you look?

It may be time to think about a pivot, if you haven't already. (Pivot is lean-startup jargon for 'plan B' (or C). And I don't think it's a bad idea to think of yourself, or any business, as a start-up. Indeed, if you don't, you're headed for obsolescence.)

What would you pivot to? What's your plan B? If you think of petroleum geoscience as having a position in a matrix, think about our neighbours in that matrix. Industries are vertical; disciplines are horizontal.