Ongoing political and social unrest in the Middle East, ever-increasing domestic oil production, and unpredictability in President Donald Trump’s administration are all shaping a fluid geopolitical environment that will certainly impact the global energy market, according to Tom Petrie, chairman of Petrie Partners, an investment banking and advisory services firm to the oil and gas industry.
Petrie made his comments during Hart Energy’s recent DUG Permian Basin conference. He said the fluctuating dynamics of the global energy marketplace could result in the U.S. becoming an even bigger player on the world stage.
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