Keystone Completion, Pipeline Explosion Creating Energy Opportunities
The shift to natural gas manufacturing and vehicles will have a positive impact on the US economy over the next ten years and is currently creating investment opportunities in the energy sector.
Capital spending on gathering, storage and pipeline shipping of natural gas is expected to reach $34.5 billion by 2022 compared with $18.9 billion this year, says Ed Deicke, Managing Partner at JHS Capital Advisors. The shift to natural gas manufacturing and vehicles will also have a positive impact on the US economy over the next ten years and is currently creating investment opportunities in the energy sector, says Deicke. Finally, lower gas prices due to the eventual completion of the Keystone Pipeline will give the economy and US consumer an added lift.
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