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Can wind, solar and/or biofuels meet our energy shortage challenge? Or will we need to exploit more of the U.S. offshore areas and ANWR in Alaska? What role might nuclear energy play in our future energy mix?

Will the oil service industry with its new technologies and more flexible business models ride to the industry’s rescue? Or is North America destined to become the “dead continent” just as the Gulf of Mexico was in the early 1990s? Will everyone in the oil business have to speak a second language?

What does all this mean for energy capital markets? Will the industry need capital or be a source of funds? Will the industry be populated with larger companies that are more geographically and product-line diverse than we have today? Will there be room for small, focused players?

While the likelihood is that whatever we predict for 2009 will be different from what actually happens, delving into various alternative scenarios for the year should be of help for executives planning their future.

Mr. Brooks is Managing Director of the energy investment banking firm of Parks Paton Hoepfl & Brown. He joined PPHB in March 2005 where he provides proprietary industry and company research to the partners of the firm. Mr. Brooks has been involved with the oilfield service industry, either as an analyst, a consultant or in management, since 1971. 

Prior to joining PPHB, Mr. Brooks spent eight years heading the oilfield service equity research team at CIBC World Markets. Before that Mr. Brooks was affiliated with the New Orleans-based energy research firm, Howard Weil. Mr. Brooks was also a member of the senior management team of Ensco International in the early 1990s.

He started his investment career in 1969. An Economics graduate of the University of Connecticut, Mr. Brooks also has an M.S. degree in Economics from Cornell University. He received his Chartered Financial Analyst designation in 1975. 

Mr. Brooks is a member of the boards of directors of Turnkey E&P Inc., Deepwell Energy Services Trust and Pason Systems, Inc. All three companies are listed on the Toronto Stock Exchange. Mr. Brooks also writes his Musings from the Oil Patch newsletter that he has published since 1999. 

Mr. Brooks is married, has two grown children and four granddaughters, and lives in Houston, Texas.