From OGI Editor-In-Chief: Break It Down, Build It Back Right
After essentially five years of an ongoing downturn, the oil and gas industry is desperately seeking solace.
Oil and Gas Investor
The oil and gas industry today is being squeezed through a painful transformation, one it didn’t choose but is complicit in causing. (Source: Hart Energy)
A woman across from me at the gas pump asked, rather exuberantly, “Who do we have to thank for these low gas prices?” The price for the day was $1.88 a gallon. “Low oil prices,” I said, “and the industry is hurting. People are losing jobs.” I might have tamped down her enthusiasm a bit.
After essentially five years of an ongoing downturn, the oil and gas industry is desperately seeking solace. The bad news, in my opinion, is not yet. 2020 will be a year of continued trial by fire.
Steve Toon is Editor-in-Chief of Oil and Gas Investor magazine. He joined Hart Energy in 2007 as editor of its A&D Watch newsletter and A-Dcenter.com. He received a BA in journalism from Baylor University.