The global oil and natural gas industry is booming, and many investors are investing heavily in the industry.
However, not everyone is as excited about the oil business as they are about the gas industry.
Here are the top 10 reasons why.1.
It’s cheapThe world’s largest energy exporter, the United States, is already spending about $1.5 trillion annually on energy infrastructure.
But it’s not just the cost of oil and other commodities that’s high.
A recent report by Goldman Sachs estimates that US oil and petrochemical companies have saved $4.6 trillion in taxes and fees since 2000.2.
Oil has an outsized impactThe US oil industry is a $1 trillion industry, according to Goldman Sachs, and it accounts for about a quarter of global energy production.3.
The industry’s oil and oil sands are the futureThis year, there will be about 30 billion barrels of oil produced in the United Kingdom and Europe, according the National Energy Technology Laboratory.4.
Oil is cheaper than gasIf you’re an investor in the US oil or gas industry, you have a few options.
First, you can choose to look at the US dollar, which is still more than half of the world’s and about $30 per barrel less than its closest competitor, Russia.
That makes oil and energy cheaper in the short-term than gas, according a Bloomberg study.
Second, you could look at global oil prices, which are set by the International Energy Agency (IEA), a body set up to measure and predict global energy prices.
The IEA expects the global oil price to remain low for the foreseeable future, according its website.5.
Oil prices have been trending higher for yearsDespite the fact that the oil price has fallen dramatically in the past decade, it’s still up by about 30% in the last decade, according Goldman Sachs.6.
Oil and gas production will double over the next decadeThe IEA projects oil production in 2020 will triple to 9.5 billion barrels.
That would be the second-highest annual increase since 1980.7.
It’ll be cheaper than coalThe I-EA says US oil production will reach 9.7 billion barrels by 2030, the first time that’s happened since 2005.8.
It will be cheaper in 2020 than in 2030The IES says oil production would reach a new record of 8.9 billion barrels in 2020.9.
The oil industry’s boom is making it easier to investIn the oil industry, the money is not flowing to the companies directly, but to their affiliates and investors.
So you might expect to see more investment in the sector over the years.
That’s not the case.
According to Goldman, the industry’s biggest investors, including ExxonMobil, Shell, and Chevron, have spent about $2 trillion since the oil boom began in 2007.10.
It is still cheaper than gasolineThe IEO says that the price of gasoline will rise by about $4 per gallon in 2020, and oil-dependent regions are getting closer to that goal.11.
The market will continue to growOil and gas is still the largest form of fossil fuel in the world.
Its share of the global energy market has grown from less than one-third in 1990 to more than one percent today.
The energy sector has become a critical player in the global economy.
That means the energy industry is getting bigger.
That could make it more expensive to invest.