Nobody's job in the energy business is going to be cut. The problem right now is we can't find enough people to man the rigs we also don't have. Ever higher prices and profits will suck investment and people into the oil patch world wide. The post peak years will probably see an ever growing number of workers building rigs and other infrstucture as fast as possible because extracting oil and other energy will become much less efficient (ever less production/well), while fewer people will be working those industries that we will collectively decide we don't need as much (cruise ships, other resorts, air travel, second homes; and, car pooling will reduce the need for cars of all types, not just suv's.)