There are no easy answers to this question. But there is one fact. A college degree will give you options. I have 2 degrees and I'm very seriously considering my MBA. These "pieces of paper" as many who don't own them might call them allow you to make choices in life and not have to accept what you can get.
I've worked in the oil industry for over 20 years and have seen many good men blocked/passed over for positions that should have been theirs because they did not have a degree. It's not fair but nobody ever said life was. If you want to be in the oilfield get an Engineering degree and then a MBA. This is the same advice I've given my own children.
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