The U.S. is poised for multi-decade success as the global energy mix shifts, with supply growth underpinning ethane’s growing role and the country’s status as a net exporter by the mid-2020s, a midstream analyst said.
Greg Haas, director of integrated oil and gas at Stratas Advisors, told attendees at Hart Energy’s recent Midstream Finance conference “we definitely see changing energy around the globe … energy transportation is an evolving sector and we also see increased regulatory risks and intensifying regulatory concerns affecting the industry.”
Haas pointed to California. The state primed for a potentially devastating earthquake is pondering a tectonic shift toward 100% renewable power. for the future. Haas also noted that the U.S. Strategic Petroleum Reserve is prepared to “right-size” itself.