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WHAT NEXT
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WHAT NEXT FOR THE OIL & GAS INDUSTRY?
While oil and gas companies could once have counted on the core issues of locating resources and meeting rising energy demands, the industry is now facing some fundamental challenges.
Most notable is the fall off in demand for fuel, particularly for transportation. This traditionally safe area of the market for oil companies has been hit by higher effi ciency standards, especially in the US and China. Consumers buy more fuel-effi cient cars while whole industries invest in more effi cient production processes, all of which results in declining demand in OECD countries and elsewhere.
interview with BETH MITCHELL
CO-AUTHOR: WHAT NEXT FOR THE OIL AND GAS INDUSTRY?
© 2013 KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and a member fi rm of the KPMG network of independent member fi rms affi liated with KPMG International Cooperative, a Swiss entity. All rights reserved.
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