Natural gas is growing in overall importance to the U.S. energy industry according to the 2013 KPMG Energy Survey, now in its eleventh year.
According to this year’s survey, executives expect the growth in shale natural gas and oil production to have profound changes on the prospect of U.S. energy independence, economic growth, and consumer technologies.
Notably, executives expect to continue investment in R&D for alternative energy projects. Not surprisingly, most executives are concerned that regulatory pressures and legislative uncertainties could present barriers to growth for their companies.
Nonetheless, they anticipate an increase in both capital spending and hiring in the coming year.