WE109 - Unpacking Global and Domestic O&G Trends with Richard Spears
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WE109 - Unpacking Global and Domestic O&G Trends with Richard Spears
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In this episode of Wicked Energy with JG, host Justin Gauthier is joined by Richard Spears, Vice President at Spears and Associates. They delve into the intricacies of today's energy landscape and how the US presidency does little impact on overall oil and gas spend and activity.
The conversation shifts to the international market, with insights into the 5-10% annual growth in fracking outside the U.S. Despite economic downturns, global production maintenance remains robust, driven by increasing extraction costs.
Richard also reflects on his career, discussing his transition from fieldwork to public speaking and the importance of listening and partnership for personal and professional growth. He shares his thoughts on current oil price forecasts, the impact of geopolitical factors, and trends in the oilfield services sector.
Listeners will gain valuable perspective on technological advancements, industry challenges, and potential investment strategies in the ever-evolving energy landscape. Join Justin and Richard for an insightful, timely discussion that honors the diligent field workers, especially during the holiday season.