Musings: Laughs from the Energy Market

Oil and gas explorationists in the U.S. energy business have come from a long line of optimists that have populated the country. Give them more resources and they'll find more oil and gas.


One often wonders whether the global warming/climate change movement is really about saving the world, or rather about restricting the population from enjoying the fruits of technological progress coupled with the planet's abundant natural resources.


G. Allen Brooks works as the Managing Director at PPHB LP. Reprinted with permission of PPHB.


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Robert Mouton | Aug. 23, 2009
50% reduction in US rig count decimates domestic rig work force -- imagine if this happened in any other industry.

M.E. Lynch | Aug. 21, 2009
Global Warming is Mother Nature doing her "thing". She has been on this kick for 30,000 years (with a brief dipsy-doodle during the Little Ice Age). Politicians cannot do anything about this except use it an excuse to put a heavier tax burden on people known today as "Tax Payers". Back in 1776 they were called "Patriots" and 1781, "Citizens". We should enjoy it. Global cooling is not far into the distance. Once the Arctic becomes ice free in winter (within the next thousand years), the big blizzards in the east will restart the glacial epoch. Let us all hope the glaciers get as far as Washington, D.C. Let us also remember that people now called "Tax payers" were once (1861-65) called "Rebels".

Bevan Collins | Aug. 20, 2009
This is great. We need more humor.

As a former oil and gas E&P CEO, I know that we have vast reserves of oil and gas to be produced if we can get the funds to get it. The American oilman risk-takers will find a way if they can get the funds.

As an environmental scientist and engineer, I have to deal with the pseudo-scientists that support Al Gore and his lies. If they put the same energy into scientifically justifiable causes, this would be a better and cleaner world. In the environmental field, science is a distant concern next to politics.

darren | Aug. 19, 2009
Thanks Ernie W. Pickett, my family has also been in the oilfield for years as well as myself and right now I have been laid off since Feb. Without oil and gas energy this country will certainly fall! And as far as the saving the climate goes, it has warmed up and cooled off by itself for millions of years.

geolog | Aug. 19, 2009
We can get real progress in petroleum exploration. What are we doing in exploration now? - One commercial discovery in four wildcats, isn't it? However there is a new technology for oil/gas detection providing above three discoveries in four wildcats. A.Berg, Ph.D California

BillR | Aug. 19, 2009
Well, I'm not sure optimism is the point of the first comic... Its very valid point is that the farther oil depletes down the EROEI curve (becomes harder and harder to obtain) the less it's going to matter what money and resources you throw at the problem. Getting enough oil to fuel economic expansion is already difficult... a few decades hence it will be impossible.

Which gets us to the second comic. Al Gore besides the point, scientists largely agree that climate change will lead to future catastrophe. In addition... decades from now, fossil fuels will be severely depleted. Those countries that have a good Cap and Trade or carbon tax and use that to TRANSITION to renewables will be ahead of the curve and in a better economic position than those that ignore the problem. We will be in a BETTER position than China if we use the Cap and Trade to invest in these new technologies. Whether the fossil fuel industry is smart enough or our government smart enough to see this is another story entirely.

Wes Cornelius | Aug. 19, 2009
We need more of this for sure!

ERNIE W. PICKETT | Aug. 19, 2009
My family has been in the oil business in Texas for five generations now, and that attitude of "never give up" was not that hard to acquire. It serves the industry and America well. Without it, we would certainly be in one awful mess in this country regarding energy.

May God bless the oilmen of this country!


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