Scott LaPierre

A recent headline laments, “In a Warming World, Clean Energy Stocks Fall While Oil Prospers.” The subhead explains, “The market is focused on making money now and isn’t heeding urgent warnings about climate change.” The message is clear: Despite the rise of stakeholder capitalism, corporations and investors are still motivated more by profits than by serving the public good. That reminds me of a popular fable: A scorpion asks a frog for a ride on his back across a river.

Introduction Three years ago on July 17th, 2017, I chose the difficult path of publishing an unpalatable warning to the industry on LinkedIn that the widespread, unexpected decreases in oil cut (rising gas-to-oil ratios [GOR's]) first observed in 2017, were actually predicted by a new theory that, if true, would significantly limit ultimate oil recoveries and the total number of available development locations in the American Shale Oil Revolution.