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Mid-Year Outlook: Oil & Gas Investments Help Push Energy Transition

Mid-Year Outlook: Oil & Gas Investments Help Push Energy Transition

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Industry Segment: Production | Word Count: 845 Words
Attachment: A

May 31, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Lack of investment in oil and gas projects is contributing to higher fuel prices, which in turn could impede the global energy transition to renewable fuel sources, according to Shane Mullins, Industrial Info's vice president of product development for the energy markets.

Speaking to attendees at Industrial Info's U.S. and Canada Industrial Info's May 18 U.S. and Canada Mid-Year Outlook event, Mullins said high fuel prices are contributing to inflation. As a result, "You're not going to be able to sustain the energy transition if we can't afford it."

Companies featured: EnLink Midstream, LLC (NYSE:ENLC) (Dallas, Texas), Devon Energy Corporation (NYSE:DVN)

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