Can American Shale Keep It Up?

Image of oilfield equipment against an American flag

The New York Times recently published an Op-Ed on the American shale industry that garnered significant attention within the oil and gas community. The piece was written by Bethany McLean, co-author of The Smartest Guys in the Room—the book-turned-documentary many consider to be the definitive account of Enron and its unraveling.

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Global Shale: Potential Bonanza for Suppliers

Global Map

Shale-oil and -gas production in the U.S. has been revered by some as the fuel, engine and vehicle driving the nation toward energy independence and economic solvency. Astronomical estimates of reserves, millions of high-paying new oilfield jobs, enhanced competitiveness for American industry, greater tax inflows for state and federal governments, and incremental export revenues certainly justify the volume of discussion.

Shale has at once become both disruptive and transformative. It’s also here to stay. IEA estimates the share of U.S. shale oil and gas production to double by 2035. Continue reading “Global Shale: Potential Bonanza for Suppliers”

Theodore Roosevelt: Industry Standard-bearer

Teddy Roosevelt

For decades, it has been popular for politicians and the media to portray the energy sector as a begrimed example of what needs to change in America. All the while, the industry continues to provide low-cost energy and well-paying jobs at times when the country needs both.

Faced with a public and political class that has little appreciation—and in some cases outright scorn—for its contributions, it would be understandable if industry participants felt like throwing in the towel. However, those who give their best everyday would do well to remember the words of Theodore Roosevelt. Continue reading “Theodore Roosevelt: Industry Standard-bearer”