As anyone who reads my blog is aware, I represent only mineral, royalty and surface owners and never represent oil companies. My passion has always been helping owners make the best use of their land and mineral assets and get the best compensation for leases, easements and surface use agreements. However, the current political discussions regarding the oil and gas industry seem to omit some important facts that we may all want to keep in mind.
Clearly, the oil and gas industry has been the subject of many public discussions. Regardless of your view, the suggestions that we eliminate fracking, transition away in the short term from oil and gas and remove what have been called “subsidies” to the oil and gas industry, involve a number of potential unintended consequences that we all should be aware of:
- All the plastics in our life are derived from oil and gas. Without petroleum, there will be no cell phones, computers, appliances, cars and many other items that we use in our daily life. (Maybe that’s a good thing!)