Author Archives: M.M. Foreman

M.M. Foreman is a Visiting Lecturer at the University of Pittsburgh, where she teaches courses on economic and political anthropology. She won the 2014 Public Anthropology Series International Book Competition with her co-author Phil Kao for "Boomtown and the Culture of American Inequality."

Steadying the Plays: Rhetoric and Risk in the Shale Boom

“Please God, give us another oil boom. We promise not to piss it away this time.” – Popular bumper sticker in oil producing regions after the 1980s oil markets crashed In the 1970s, there was much to be celebrated for those involved in the US oil and gas industry. The OPEC oil embargo coupled with events like the Iranian Revolution and the Iran-Iraq War led to a shortage of oil on the world market and precipitated a boom for US producers. This boom, however, was short lived. By 1981, world production had stabilized and oil prices had plummeted, bankrupting a significant number of producers and inspiring the use of “Please God” bumper sticker in places like Texas, Oklahoma, and Alberta. Throughout much of the 1980s and 1990s, the bumper sticker didn’t seem to help, and the oil and gas industry limped along. Against financial engineering and IT novelties that sent (more...)