EXPECTATIONS are that oil and gas companies are going to make tons of money and subsequently see their share price surge to stratospheric levels. This sort of outlook of an industry is, in a way, not new. 

Many other companies in different industries in the past have spun a similar story of potential and wealth. Three years ago, it was the dotcom and tech companies. We were told that clicks would replace bricks and unless companies adapt, they would be out of business.