Marketplace The oil-natural gas conundrum
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Aug 5, 2025 Elizabeth Troval, a reporter covering the U.S. oil and natural gas industry, dives into the tension between crude oil's declining demand and the surge in natural gas usage. She highlights the paradox that much of the natural gas is extracted while drilling for oil. The conversation also touches on the economic stagnation affecting various sectors, the impact of tariffs, and the challenges in global supply chains, including the smuggling of AI chips. Troval's insights paint a vivid picture of an industry at a pivotal crossroads.
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Oil Production Plateaus; Gas Demand Grows
- U.S. oil production is plateauing as the world produces more oil than needed.
- Natural gas demand grows, but most is tied to oil rigs, complicating supply growth.
Services Sector Slows Amid Tariffs
- The U.S. services sector, about 70% of the economy, flatlined in activity in July.
- Tariff uncertainty and rising prices disrupt supply chains impacting services businesses.