Survey on energy transition impact on crude oil prices in the U.S. 2023

Published by Statista Research Department, Dec 8, 2023
According to the results of a 2023 survey, the majority of U.S. oil and gas company executives expected the energy transition to lead to an increase in crude oil prices. One-third of respondents foresaw significant growth or slight growth, respectively, as a result of a greater focus on renewable energy sources. Higher crude oil prices benefit oil and gas companies as it makes their operations more profitable.

Looking five years ahead, what impact do you expect the energy transition to have on the price of oil?

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Release date

September 2023

Region

United States

Survey time period

September 13 to 21, 2023

Number of respondents

138 respondents

Special properties

Executives in oil and gas firms.

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