Full Title: A Booming Sector Grappling with Diversity, Global Instability, & Climate Change
Author(s): Jason Bordoff, Vicki Hollub, and Dave Grossman
Publisher(s): The Aspen Institute Energy and Environment Program
Publication Date: December 11, 2019
Full Text: Download Resource
Description (excerpt):
The global energy system is in a constant state of change. Prices and cost go up and down, geopolitical relationships ebb and flow, and technology and infrastructure are developed, deployed, and eventually retired. However, there are trends that have emerged over the last decade – including much greater U.S. oil and gas production and more investor and advocate pressure on companies with respect to sustainability – that have created a fundamental shift in the global energy system and that are likely to come into conflict with each other in the near future. The U.S. oil and gas industry is booming, particularly in the Permian Basin, but it is grappling with a diversity imbalance, a very unstable geopolitical environment, and a climate crisis that is affecting both its present and its future.