Energy issues ///

I attended the Deloitte Oil & Gas Conference, here in Houston, in the waning days of September, hoping to hear some good news for a change. And, there was some, in the long term. But the short term is still iffy, according to David Knapp, chief energy economist and senior editor for the Energy Intelligence Group’s Global Oil Market Analysis, who sees global capex cuts through 2018 of $800 billion to $1 trillion in the upstream sector. And that is a precursor of dubious demand going forward, based on energy use per capita trending downward, according to Rob Gardner, manager, Economics and Energy Division, Corporate Strategy Planning Department of Exxon Mobil.

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