17 minutes | May 31st 2020

#031: Why The Industry Will Recover

We’re still here, despite the fear-mongering that the media attempts to bring to the public, despite oil prices hitting record lows. This pandemic has brought a double whammy to the oil and gas industry but it will indeed recover. In this episode, Phil shares why traditional energy sources will never become obsolete and why it's superior to misnamed, “renewable energy sources”. He shares a few interesting articles about the prospects of the oil and gas industry and how it will recover. 

 

Here are some of the things you can look forward to in this episode:

 

  • Why we’re still here
  • How oil has surged over 80% as demand has returned
  • Why the misnamed “renewable energy sources” won’t replace traditional energy sources

 

Highlights:

1:25 How this pandemic has been a double whammy for the oil and gas industry

2:01 How not everything going on right now is doom and gloom

5:22 Why the world cannot work without oil

9:55 How Amazon is a huge partner in the oil and gas industry

11:16 Current conversations about replacing traditional energy sources with renewable energy sources

14:19 One of Phil’s favorite books over the past few years

16:02 An acronym for fear that the oil and gas industry leans on

 

Links:

Factfulness: Ten Reasons We're Wrong About the World--and Why Things Are Better Than You Think

 

About SherWare, Inc.

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SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform -- and we’re the only software on the market that can integrate with your QuickBooks company. Click here to watch a demo of the software in action right now.