The link below affords an excellent overview of the domestic and international factors that effect the economic outlook for the industry.   It is a note of optimism in a rather bleak time.

Antoine Halff,  Senior Research Scholar and Director of the Global Oil Market Program, Center on Global Energy Policy, Columbia University School of International and Public Affairs testified to US Senate Committee on Energy and Natural Resources on January 19, 2016.

Transcript of Testimony

Also see Blog post on OilPro

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About the author

Tom Hohn is a petroleum engineer who has worked in the oil and gas industry for 40+ years. He has endured several booms and busts during that time. In reality, the tough years outnumber the good years, but it is a great industry that has treated him well.