Opinion: Reading The Texas Tea Leaves

I traveled from Houston to Irving, Texas, last week to hear, along with the independent producers who make up the Texas Alliance of Energy Producers, about Texas’ Tomorrowland of crude oil production and profits.

That’s quite a lot of information to swallow all at once, but who’s up for trying?

“I don’t think there’s ever been a day since I started doing oil and gas economic works that not just in Texas, but also globally is the most exciting thing out there,” said Karr Ingham, the Alliance’s petroleum economist, in his opening for the association’s expo and annual meeting. “There’s always something happening. It’s an industry of volatility and cyclical movement.”

Here's what the speakers had to say.