Renowned energy strategist sees extraordinary changes ahead
As he prepared to discuss the future of the world's oil and natural gas business, Henry Groppe, a renowned oil and gas strategist and founder of the Groppe, Long & Littell consulting firm in Houston, urged his audience to keep two things in mind:
"One is the dominance of the oil and gas industry. It is part of everything in the world; it is vital to world economies and it has now passed agriculture as the biggest industry in the world. At a $60 price, the world's crude oil business is $1.75 trillion a year. Second, keep in mind that there are extraordinary changes ahead for Texas and for the United States."
( Full story here )
"One is the dominance of the oil and gas industry. It is part of everything in the world; it is vital to world economies and it has now passed agriculture as the biggest industry in the world. At a $60 price, the world's crude oil business is $1.75 trillion a year. Second, keep in mind that there are extraordinary changes ahead for Texas and for the United States."
( Full story here )
posted by Oil Shock at 5/14/2006 03:39:00 PM
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