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Oil & Gas Twilight?

Despite the legends, lore, and true history carved out by American energy pioneers and titans of past generations. Despite the countless billions of dollars poured into research, technology, and invention. Despite the soaring global energy needs of a new century with a global population greater than the combined humanity of all previous human history.

Despite the maladies of old energy sources like coal and the insufficiency of new ones like wind and solar and ethanol. Despite the dazzling recent innovations of the petroleum energy business outlined in OKLAHOMANS 2, Chapters 13 and 17. Despite all this, plus the vision and audacity of a new generation of Oklahoma lionhearts, the reality of the new century was draped in mournful hues and shaded with dark foreboding.

Tight petroleum supplies conspired with mounting consumer prices that retarded demand, to stall the ability of oil and gas producers to expand their output. Investment millions poured, rather, into import terminals for petroleum from foreign nations. This seemed to signal the end of American hopes for a return to world energy leadership and independence. Rather, it suggested a long twilight descent into dependence on distant sources, nearly all of whom were motivated to blunt U.S. power and influence.

Electricity giants slunk back to the “dirty,” worn source of coal to supply the new century’s glittering computer and communications marvels. The giants of American oil skulked overseas not in search of new fields to harvest, but to locate foreign gas supplies for which they could at least serve as “junior partner” distributers.