Houston Scrambles To Remain The Energy Capital Of The U.S. – MENAFN.COM

mena energy capital houston
Gulf
  • Date: 07/22/2021
  • Source: MENAFN
  • Sector: Oil & Gas
  • Country: Gulf

Houston Scrambles To Remain The Energy Capital Of The U.S. – MENAFN.COM

The United States shale sector is at a crossroads. Houston, the capital of the nation's oil and gas industry, is at the metaphorical and industrial center of a struggle for the country's unfolding post-covid energy landscape. The writing is on the wall: the renewable revolution is here to stay, and while the sun hasn't set on oil yet, the industry will never see growth the way that it has in the past couple of decades. Oil is still highly relevant in Houston, but that is going to change, whether oil tycoons and Texas politicians like it or not. Even one of the city's top oil bankers agrees that Houston needs to join the clean energy transition or risk being left behind."If Houston wants to continue to be the world's leading energy capital, then it's going to need to be a leader in the newer forms of energy," Bobby Tudor, chair of the Houston-based investment bank Tudor, Pickering, Holt & Co, was quoted by the Financial Times in a recent report. He's not alone in this assertion -- far from it. Tudor's just one voice in what is becoming an increasingly bipartisan chorus pushing for the United States fossil fuel sector