Editorial: Behind the outrage

As happens occasionally, the US oil and gas industry finds itself trapped in the dangerous intersection of High Oil and Gas Prices and Stellar Profits. If there were a market for such things, public venom directed at oil and gas companies would sell for many times the price of crude and suffer no shortage of buyers.Untypical profits born of extreme market conditions have provoked outrage. It doesn’t matter that the outraged, through profligate energy consumption, share blame for the market’s tightness. It doesn’t matter that unprecedented damage to producing and processing infrastructure from two mammoth hurricanes offers ample reason for fuel prices to be high. It doesn...

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