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In December 2011, America's Natural Gas Association (ANGA) estimated that lower gas prices will add an additional $926 of disposable household income annually between 2012 and 2015, and that the amount could increase to $2,000 by 2035. [77] Over $276 billion is going to be invested in the US Petrochemical industry and most of it in Texas. [78]
Today, the U.S. is still dependent on oil, as oil plays an important role socially, economically, and politically. In May 2019, the United States produced a record 12.5 million barrels of oil per day and it is expected to reach to a record 13.4 million barrels per day by the end of 2019. [32]
Due to the great surge in American production of oil, natural gas, and natural gas liquids since 2008, those products have been cheaper in the North American market than worldwide, giving American refiners a major cost advantage. [17] The discount on US crude is partially attributed to the long-standing federal ban on exports of American crude oil.
"Today's market, 50% of it is asset-light growth companies, tech, healthcare, higher-margin industries," Bank of America Securities head of US equity and quantitive strategy Savita Subramanian ...
Energy stocks have outperformed the broader market to start the year, kicking off 2025 with gains as oil and natural gas prices have edged higher. The S&P 500 Energy Sector ...
The stock market has been on a tear in 2024, with the S&P 500 rising by nearly 21 percent over the first three quarters of the year. But the situation may not be so brisk over the coming 12 months ...
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