GIVEN THE BOOM/BUST NATURE of the oilpatch, during tough times old-timers trot out the joke about how to make a small fortune in oil and gas. The punch line? You have to start with a big fortune. The career of Greg Stringham, who retired at the end of January as the vice-president of markets and oilsands with the Canadian Association of Petroleum Producers (CAPP), illustrates that story well. During his 30 years in the industry—first with the Energy Resources Conservation Board (the forerunner to the Alberta Energy Regulator) and for the last 20 years with CAPP— the 55-year-old has seen four royalty reviews, numerous pipeline battles and three industry downturns.
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