Four factors that will fuel the gas sector

The upstream petroleum industry is ducking for cover amid plunging oil prices, but evidence suggests the gas sector will power along regardless of the downward trend.

The place not to be when crude oil prices undergo a correction is in the upstream petroleum industry’s contracting services businesses. They are always on the front line of severe belt-tightening.

I witnessed this at first hand in 1986 when managing what was then the Australian Petroleum Exploration Association. Back then, the oil price ‘corrected’ back to 1974 levels and fell to $US8 a barrel.

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