Environment and Energy
November 19, 2018
2019 Gulf Coast Energy Outlook
Written by Tim Triplett
Editor’s note: Following is an edited excerpt from the 2019 Gulf Coast Energy Outlook published by Louisiana State University’s Center for Energy Studies and the E. J. Ourso College of Business.
The past two decades have seen a dramatic change in the energy landscape along the Gulf Coast with the “revolution” created by unconventional gas and oil drilling. Prior to the unconventional revolution, U.S. production accounted for a little under 8 percent of world oil production. Today, the U.S. accounts for over 12 percent of all world crude oil production and has the possibility of improving that market share if prices are sustained at higher or even current levels.
