Oil, gas and the US middle market
Over the last 50 years, OPEC has set the price for global oil markets. Due to the changing demand and supply dynamics, that’s no longer the case. RSM’s Steve Sprenger and Chief Economist, Joe Brusuelas, discuss what this means for our client base and why it’s important for the middle market.
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OPEC’s loss of pricing power will likely result in a more stable energy environment for middle market producers.
Proposed tax reform would offer significant benefits for the oil and gas industry, though there are also some potential concerns.