Energy is the main condition for survival. The increasing population of the world has led to high global demand for energy. Governments around the world are facing serious challenges to oil and gas production to meet the demand in their respective countries.
The industry is changing tables for valuable position in the world economy. Because it has become hype for investors who may take the risk to benefit from the energy market, has become a regular topic for research and analysis for economists worldwide.
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Here is an outlook on historic production and consumption of oil and gas for many years, along with a look at emerging markets for the industry. This study basically analyzes the future of the industry.
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The breadth of research
1. To study the economic growth of the industry worldwide
2. To study the increasing flow of government policy on energy industry
3. To understand the obstacles in the way of the development of certain oil reserves
4. To identify the growth prospects of the energy sector changed
5. To focus on the industry in developing countries
Analysis memorable part
According to the analysis of the US Energy and Information Administration, world consumption of petroleum products is expected to increase with a compound annual growth rate (CAGR) of 0.9% by 2035.
Due to the high demand for oil and gas, experts emphasize on the use of natural resources and renewable energy. The future is uncertain and we have to start taking preventive measures as soon as possible.