Energy Tomorrow Blog
Consumer Spending and Investment Could Kickstart New Economic Growth
economic growth oil and natural gas development global demand consumers
Dean Foreman
Posted December 1, 2020
The year has brought extreme and at times contradictory information about the economy and our industry, making it increasingly difficult to determine whether the economic recovery has gained firm footing and ultimately traction, in which natural gas and oil will play a key role.
Importantly, we currently see well-grounded pillars for expected U.S. and global economic growth over the next two years – personal consumption expenditures and investment that generally represent the majority of GDP. These could kickstart new economic growth and prosperity that will not only require but fundamentally be enabled by oil and natural gas.
Pump Price Update
crude oil crude oil demand crude oil prices economic growth eia energy information administration energy prices gasoline gasoline prices global demand iea international energy agency oil demand oil prices prices
Jane Van Ryan
Posted November 3, 2010