For too long, the oil and gas industry has been vilified by those ignorant to its critical role in supplying a product absolutely essential to our way of life. Having endured an eight-year bear market that witnessed several price collapses due first to the rise of shale hyper growth in the United States, and then to a pandemic-induced demand shock of epic proportions, the willingness of industry to make risky, long-dated investment in new productive capacity has plummeted.
