Russ: This is the PKF Texas Entrepreneur’s Playbook. I’m Russ Capper, this week’s guest host, and I’m here with R.T. Dukes, Research Director with Wood Mackenzie, and Prajit Ghosh, Global Strategy Lead also with Wood Mackenzie. Guys, welcome to the Playbook.
Prajit: Thank you
R.T.: Thanks for having us.
Russ: You bet. Give us an overview of Wood Mackenzie.
R.T.: Wood Mack – we’re part of a larger corporation called Verisk Analytics. It’s a data analytics company focused in the insurance, energy and financial services sectors. We’re part of the energy vertical. So Wood Mack we describe as part of the energy metals and mining, really the natural resources value chain. I’m focused in oil and gas; Prajit’s more focused on the power and renewable side, and we’ve expanded quite a bit there over the last few years.
Russ: I remember hearing and seeing that about a year ago, too; I thought it was interesting. To me it was more of an indication that the renewables were gaining ground these days. So before we get to renewables, why don’t you give us an overview, R.T., of where oil and gas is today and in the immediate future?