For those who believe the oil and gas industry is doomed, geopolitical observer and author Peter Zeihan says not so fast.
In a podcast this week, the world traveler took a look at the processing needs of the U.S. and how the role of the oil and gas industry is important.
“The US is already a significant oil refiner and exporter, but there is a mismatch in the type of crude produced domestically and what US refineries can process; to reduce import dependency, the US will need to retool its refineries to process domestic crude,” said Zeihan.
Take a few minutes to hear his explanation.