Energy 2015 – Five Developments to Watch in the US and Beyond


What does 2015 have in store for the energy industry? Making predictions is always a difficult proposition, and trying to predict the price of crude is a daunting task. As they say, if you are going to forecast, forecast often.
 
But looking back on events and activities this past year gives us some comfort to forecast the trends and “big picture” happenings that we’ll likely see in 2015. So, here are my thoughts on the top five energy industry developments to be aware of next year – regardless of whether the price of crude oil goes up or down:
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Cure for Industry Hiccups: Congressional Action


While OPEC (Organization of the Petroleum Exporting Countries) and Saudi Arabia hope to have delivered a fatal blow to the American oil and gas industry in the form of unflagging production levels despite the current glut of oil on the market, the reality is more akin to a hiccup.
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Gridlock, or Bipartisan Consensus? Time will Tell


It is difficult to predict how the GOP’s midterm election gains will impact domestic energy policy in the coming years.
 
Will gridlock continue? Or will President Obama and Congressional Republicans take a more bipartisan approach than we’ve seen over the past six years – especially as it relates to key energy issues such as Keystone XL and oil exports?
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We have the “Way;” Now need the “Will”


The “way” has already been paved by the House; now all that remains is the “will” – of the Senate, that is.
 
In September, the U.S. House of Representatives approved several bills designed to reduce the United States’ dependence on foreign energy sources, create jobs, add billions of dollars in revenue, and help protect America’s security by eliminating our dependence on foreign oil.
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