Geopolitics, unconventional fuels to reshape industry

Current forces having potential to shape the future of the oil and gas industry-consistently higher oil and gas prices feeding on mushrooming energy demand, conventional oil supply limits, shrinking rig availability, continuing geopolitical concerns, and the need to retain critical industry knowledge-were the focus of speakers at an RMI-sponsored oil field forum in Houston Apr. 1.“It is definitely a good time to be in the energy business, and especially the oil field service industry,” said Allen Brooks, managing director of Parks Paton Hoepfl & Brown.“Since the start of this decade, the OSX [Philadelphia Oil Service Index] is up 62.1%, while the [Standard and Poors]...

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