Misnomers & Misunderstandings About the Importance of Hydrocarbons

September 5, 2023 Article by Jeffrey Price

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The Wall Street Journal recently ran an insightful interview with the vivacious CEO of Huntsman Corp., Mr. Peter Huntsman (son of the founder) – see story here.  Far from being an apologist for hydrocarbons, he is an ambassador who is quick to point out the widespread importance of hydrocarbons that make our modern-day life possible.  One of his great quotes is that “They think the chemical industry is just plastic bags.”.  He points out that everything from skateboards to makeup have a basis coming from oil & gas!  Pretty good!  He also points out that the proportion of energy that comes from other sources is simply unrealistically small.  He’s not the only voice making this point, but it is a head-scratcher that the rank-and-file green energy advocate seems to not be able to grasp this simple fact of life.  The Huntsman interview is just another of many level-headed news articles that point out the painful truth that hydrocarbons have a necessary and lasting role in a modern society. 

Likewise, the First Keystone Industrial Park is leasing warehouses in Pecos, Texas to accommodate service companies that are the backbone of America’s increasingly important O&G industry.  We have as members of our growing community cutting-edge service companies that are supporting the hydrocarbon industry in its most important province, the Delaware Basin!  In fact, First Keystone welcomes three new members of its community – all of which exemplify this point! – ChampionX (recently expanded its facilities), Spindletop, and, most recently, TNT Midstream.  

The opinions expressed above reflect only those of the author and do not represent those of the First Keystone Pecos Industrial Park organization.  First Keystone welcomes responsible fact-based discourses on these topics.