Oil and gas looks poised to remain strong in the new year, despite uncertainty in the global marketplace and skepticism regarding the decisions of some of the industry’s largest players.
A new report from ExxonMobil Corporation indicated global energy demand will be greatly impacted by expanding populations and growth in the middle class.
As the price of oil per barrel continues its steady slide, worries over production and demand for for the resource have been up and down in recent months.
The fracking boom of the last decade has not only increased production levels of American energy resources, but has also majorly impacted global energy prices.
The U.S. Senate voted down the proposed Keystone XL pipeline 59-41 on Nov. 18, falling one vote short of the necessary 60 to move forward, according to the Associated Press.
A new survey from Deloitte indicated in the past two years, there has been a 150 percent increase in the number of oil and gas executives who believe energy independence is only 5 to 10 years away.