Panelists during Solar Power Texas conference believe competition and knowledgeable consumers have opened the door for vast opportunities in solar and other renewable-related businesses.
A Wood Mackenzie analyst sees another pipeline bottleneck facing oil producers in the Permian Basin by the end of the next decade.
The questions now focus on how to deal with additional transmission buildout and battery ownership.
Bernstein Midstream speculates that the additional pipeline projects will bring the 2021 WTI-Brent differentials to less than $4 a barrel, which is way below the current curve of $6.50.
Permitting is getting harder during a time when more transmission is needed to tap into the resources around the country to move to market.
Currently, there are a dozen fast chargers installed at five Chevron company-owned and operated gas stations in Los Angeles and the San Francisco Bay area.
Texas, Utah, Florida, Rhode Island and Maryland have grown from 50,000 installations combined to more than 200,000 over the last three years.
Renewable energy methods such as solar and wind will almost certainly impact the amount of oil and gas consumed and therefore could lower pricing, some experts believe.
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