The U.S. oil and gas industry is on the high seas. Crude oil prices are vulnerable to squalls in Iran and tempests in Russia and the "accidentally on purpose" typhoons from OPEC. The Lower 48’s protesters and politicians are also bound to cause disruptions, at the same time that hugely prolific resource plays can unleash astonishing volumes of natural gas. This long-time adviser shares her views on the forces buffeting E&Ps today.