Keep It in the Ground advocates fail to recognize energy reality, industry advances

摘要

AS WE ENTER THE LATTER HALF OF the year, it is quite clear that 2016 has been an across-the-board difficult year for the global oil and gas industry. Rig counts are down, oil prices are down, and companies are still fighting to weather the downturn. It can feel like a never-ending wave of dismal news. We know that this industry is cyclical, and the upturn will happen. It must, because our industry fuels the global economy. To put it simply, without oil and gas, there is no power. No power means an inability to get from place to place in cars, trains or planes. No power to produce the endless variety of everyday products like football helmets, pots and pans, kayaks, tires, flip-flops, cosmetics, electronics and medical equipment, all of which are impossible to make without petroleum products.