Most Consumers Don’t Want Reduced Oil, Gas Regulation

12 Oct 2017   USA

Where do American consumers and oil and gas executives stand when it comes to industry regulations? Federal regulation has been the bane of existence for many oil and gas executives, who often consider overregulation as an impediment to industry advancements . Two 2017 surveys from EY (one targeting American adult consumers and one targeting oil and gas executives based in North America) explore the topic of regulation. The surveys reveal clear disparities between the two cohorts in how much regulation is too much as well as what industry regulations are most important. How Much Regulation? Is the industry underregulated? Overregulated? Depends on who you ask. Nearly 80 percent of consumers of all ages and political beliefs are not in favor of reduced regulation in oil and gas, the EY report finds. But 53 percent of oil and gas executives believe the industry has too much regulation while 41 percent […]

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