In the Oil and Gas Industry, Prices Continue to Soar. What Does That Mean for the Future of the Energy Sector and What Do We Do Next??

August 16, 2023
Adrienne St. Clair


The global energy landscape, especially the oil and gas industry, has been undergoing a seismic shift. With crude oil prices surging almost 20% in the last 45 days and gasoline witnessing a 2.2 cent per gallon increase, the stakes have never been higher. As the U.S. economy grapples with these fluctuations, a pertinent question arises: How are these market dynamics impacting businesses, consumers, and the broader economic fabric?

This episode of Gasonomics, hosted by Tim Snyder, Chief Economist at Matador Economics, features a riveting discussion with Colonel Baron Lukas and Willis Scharmer, both Principals at ExecHQ. Together, they delve into:

  • The recent spikes in crude oil, gasoline, and diesel prices.
  • The state of the natural gas market and its price declines versus production.
  • The burgeoning industry of liquefied natural gas (LNG) and its potential for U.S. exports.
  • The corporate challenges faced by E&Ps in the current economic climate.

Colonel Baron Lukas, with a rich background spanning 42 years, has worn many hats – from a fighter pilot to a business executive. His vast experience in leadership, management, and mentoring makes him a voice of authority in the industry. On the other hand, Willis Scharmer, with three decades under his belt, has expertise in management, technical matters, and business advising across various sectors, including the ever-evolving realm of Artificial Intelligence.

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