2023 Recap: Our Top 10 LinkedIn Conversations

Welcome to Professional Plus Newsletter, a newsletter for modern professionals.

As we approach the end of the year, I want to reflect on the most engaging conversations and insights I've shared throughout this year. It has been a year filled with diverse topics, ranging from the intersection of energy and policy to the unique journeys of individuals making a mark in their respective fields.

If you find Professional Plus Newsletter informative and helpful, please subscribe for future issues and visit kennethflakes.com to learn more about Professional Plus.

No. 1 - California Sues Oil Companies Claiming They Downplayed the Risk of Fossil Fuels

This lawsuit is significant because it could hold oil companies financially responsible for the damage caused by climate change. If California wins, it could set a precedent for other lawsuits against oil companies and force them to change their practices. Additionally, the case could raise public awareness about the dangers of fossil fuels and oil companies' role in downplaying those dangers.

Is this lawsuit, fossil fuel accountability, or legal overreach? Join the discussion on the potential impact of this landmark lawsuit.

No. 2 - College Degrees Matter - At Least if You're an Engineer

This article explores the financial value of a college degree, highlighting STEM fields like engineering for their high earning potential.

Below are the most financially rewarding majors and the average income expected five years after graduation:

1. Chemical engineering: $120K
2. Computer engineering: $114K
3. Aerospace engineering: $112
4. Electrical engineering: $109K
5. Computer science: $105
6. Mechanical engineering: $105K
7. Miscellaneous physical sciences: $104
8. Industrial engineering: $100K
9. Various engineering: $100K
10. Civil engineering: $100K

While some tech companies have downsized recently, engineering jobs are still considered safe investments due to their automation-resistant nature.

Although engineering often boasts high salaries, is it the right fit for everyone? What are your thoughts on alternative paths like trade schools, vocational training, or self-directed learning? Please share your thoughts in the comments section.

No. 3 - Chevron Takeover of Hess Resurrects Multi-Billion Dollar Tax Shield

Chevron's purchase of Hess unlocks $15 billion in tax benefits thanks to Hess's past losses. This "tax shield" lets Chevron offset future tax bills, potentially boosting annual cash flow by $400 million. While taxpayer groups criticize this perk, it's not unusual.

Should companies be able to "bank" losses for future tax breaks? Join the debate on the balance between corporate incentives and fiscal responsibility.

No. 4 - DeSantis' $2 Gasoline Dream Should Terrify Texas (Opinion)

Critics of DeSantis' proposal to slash gas prices to $2 per gallon warn that the plan could backfire, reducing oil production, boosting dependence on foreign sources, and ultimately harming the Texas economy.

While the political appeal of such a quick fix is undeniable, DeSantis's proposal risks jeopardizing long-term stability for a short-term gain, leaving Texas motorists and the energy industry facing a potentially bumpy road ahead.

Is cheap gas a mirage? Share your thoughts on DeSantis' proposal's potential pitfalls and long-term consequences.

No. 5 - 13 Steps That High School Students Can Follow to Prepare for Careers in STEM

Offering practical advice for the next generation, this article aimed to inspire and guide high school students toward successful careers in STEM, fostering interest and preparedness in these critical fields.

Discover your future in STEM. Connect with us on our STEM page! (link)

No. 6 - How an Olympic Swimmer with a 9-to-5 Engineering Job Schedules His Day

Nic Fink relies on two main strategies to manage his busy schedule:

1. Creating to-do lists: This helps him stay organized and prioritize tasks effectively.
2. Compartmentalizing his tasks: This involves dedicating specific time to different activities, such as training, studying, and spending time with family and friends.

What time management advice would you like to share in the comments section?

No. 7 - Israel Orders Chevron to Shut Down Gas Platform Near Gaza

After the October 7 attack by Hamas on Israeli territory, Israel's Energy Ministry ordered a state of emergency for the sector and instructed Chevron to shut the Tamar offshore field.

The Tamar platform shutdown is a stark reminder of the geopolitical risks in the Eastern Mediterranean and their potential to derail Chevron's ambitious expansion plans.

NOTE: Chevron resumed the natural gas supply from the field last month.

No. 8- Biden Administration Offers Fewest Offshore Oil and Gas Leases in History

The Biden administration unveiled a plan in September to offer the fewest offshore oil and gas leases in history, limiting drilling rights to three spots in the Gulf of Mexico over the next five years. The move has sparked criticism from Republicans, the fossil fuel industry, and climate activists. While the administration aims to support the offshore wind industry and reduce fossil fuel pollution, opponents argue that restricting drilling opportunities could lead to higher gas prices and increased dependence on oil imports.

No. 9 - Rich Parents are Ditching Prep Schools for Public - To Get Kids into the Ivy League

The article says wealthy parents increasingly turn to public schools to get their children into Ivy League universities. This is because private schools are no longer seen as a guaranteed ticket to elite colleges, and public schools can offer more opportunities for students to stand out.

Are Ivy League degrees overhyped? What truly matters in choosing a college? Get the discussion going in the comments section.

No. 10 - Former Chicago Bears WR Earl Bennett, Now with a Ph.D., a Role Model for Post-NFL Success

Earl Bennett, former Bears receiver, earned his doctorate in philosophy from the higher education leadership and policy studies department at the University of Houston.

He now helps student-athletes and focuses on diversity, equity, and inclusion in athletic departments. He finds purpose in using his experience to guide young people and positively impact society.

As a bonus, three more articles resonated with me this year.

A Descendant of Freed Slaves, Financier Pursues Family's $900M Oil Claim

Kneeland Youngblood, a successful businessman and descendant of freed slaves, is suing oil giant ConocoPhillips for $900 million over disputed land ownership in Texas. Initially acquired by his great-great-grandfather after the Civil War, the land is now part of the lucrative Eagle Ford shale oil region. Youngblood and his family claim ConocoPhillips ignored their ownership claim and sided with another family, the Korths, to streamline royalty payments and drill quickly.

Just Across the Border, this Mexican Community Also Celebrates Juneteenth

In Mexico, the Mascogos, descendants of Black Seminoles who escaped slavery, have celebrated Juneteenth for 150 years. Their traditions face challenges as droughts and young people leaving threaten their culture. However, the recent recognition of Juneteenth in the US and local efforts to preserve their heritage through food, music, and tourism brings hope for the Mascogos to keep their unique legacy alive.

Exxon and Chevron Are Kicking Off an Oil Consolidation Wave. What Does it Mean for Houston?

Houston's energy landscape faces a potential reshuffle with Exxon's Pioneer acquisition and Chevron's Hess deal, impacting jobs both ways. While short-term losses are likely, long-term gains could come from access to superior resources and development in low-carbon sectors like hydrogen, solidifying Houston's position as a global energy leader.

Should we brace for a new era of energy giants? Share your thoughts in the comments section.

Thank you for joining me in exploring these diverse and thought-provoking topics this past year. I look forward to more engaging discussions in the coming year. ??

Wishing you a joyful holiday season and a prosperous New Year! ??

Best regards,

Kenneth Flakes

Cover image courtesy of Harrison Keely

Stay updated on inspiring stories and valuable career insights by subscribing to future editions of the Professional Plus Newsletter. ??

Please consider sharing this newsletter with your peers and colleagues who might find it beneficial. For exclusive content and updates, visit kennethflakes.com to learn more about Professional Plus.

??Connect with Kenneth Flakes on LinkedIn, Twitter, and Instagram and Professional Plus on Pinterest.