Abstract

Author’s thesis is simple: Oil and gas jurisprudence has a bright future. We live in a hydrocarbons world, and our economic system is not going to change dramatically overnight; we will continue to live in a world powered and heated by hydrocarbons for at least the next twenty years. In fact, world demand for oil and gas is likely to increase substantially. From the turn of the twenty-first century until mid-2008, the world watched as oil prices first inched upwards and then surged. The high energy costs that energized us until a year and a half ago (and that appear poised to return when the world economy rebounds) were a result of the convergence of several factors. Some were short to mid-term, such as limited worldwide excess oil production capacity. Although the transition to more environmentally friendly sources of energy may have begun, oil and gas law is not yet a dying subject. There will continue to be a need for oil and gas and coal and for lawyers who understand the principles of property, contract, regulatory, and tax law that apply to private mineral rights and transactions that involve them.

Publication Date

2010

Document Type

Article

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