With the development of new, more contemporary power sources, there has been a lot of chatter about elimination of U.S. dependence on oil and natural gas. Fortunately for the industry, it doesn’t look as if these primary energy sources will be edged out anytime soon. Even with an increasingly zealous federal government coupled with an expanding ‘go-green’ public mentality, Williams explained the U.S. won’t be trading pumpjacks and drillbits for solar panels and windmills.

“Whether you want to acknowledge it or not, we are going to be relying on fossil ...