Is the Oil and Gas Industry Worth Defending?

Gray Reed

Gray Reed

Of course it is. (Apologies for the clickbait.) If further reading would damage you, I recommend a subscription to the Guardian. Otherwise, consider these points of view when conversing with those in need of enlightenment. Counter-arguments abound, but they are not the purpose of this post.

The industry is subject to ad hominem attacks, as gratuitous and relentless as they are hollow and devoid of substance. Big Oil should be flattered to be in the same company as Big Poultry, Big Car, Big Pharma, Big Food and Big Semiconductor.  With the universal DH just around the corner, she should turn her hyper-regulatory energies to Big Sports.

Rebukes based on facts and economics, such as EQT president Toby Price’s response to Senator Warren, are more likely to sustain a meaningful exchange of ideas. His topics include affordability and reliability, China’s energy policies, and more. If you only have time for one of these links, read this one.

Daniel Markind in Forbes and David Frum writing in Defense remind us of the industry’s contribution to national security.

The moral benefits to fracking are ignored by the anti’s, says Jude Clemente in Forbes.

Irina Slav at says energy transition will be expensive: $15 trillion, then $14 trillion, then $1 trillion for key metals, then hidden costs, then environmental risks … .

Daniel Yergin in the Atlantic starts with the Colorado Oil and Gas Association’s Customer Appreciation Award to North Face and continues to the European energy crisis and other complex issues that must be resolved.

Lyn Arden Schwartzer in Seeking Alpha discuses the significance of oil and energy to the world’s economy.

Your musical interlude, for when you think you’re having a bad day.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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