Dr. Loren C. Scott, Energy Expert and Economist, gives an economic update from Louisiana. He also comments on the Haynesville shale play.
He expounds on the petrochemical industry, which is adding a remarkable investment to the Gulf Coast.
Scott believes the natural gas industry will see an uptick next year as more pipelines and infrastructure are completed. Currently there is a pipeline bottleneck in natural gas.
Scott believes 2019 is looking better for drillers, however, price will dictate the ultimate outcome. In natural gas, Mexico’s appetite to purchase natural gas and the movement away from coal are two signs for more natural gas involvement in 2019.
Scott comments that 2018 was a year of roller coasters. Prices, projects, regulations, polices and elections created volatile emotions and pricing within the industry, and Scott said that was a big factor in 2018.