--- title: Insights Into Why Oil Prices Will Drop Long-Term description: Long Term Oil and Gas Trends image: https://peg.allcapcorp.com/hs-fs/hub/378534/file-705359001.jpg --- [![Allegiance Capital Corporation](https://peg.allcapcorp.com/hs-fs/hubfs/raw_assets/public/AllegianceCapita_July2020/images/logo-allegiance-capital-corporation.png?width=230&height=65&name=logo-allegiance-capital-corporation.png "Allegiance Capital Corporation")](http://allcapcorp.com/) - Our Expertise - [Why Allegiance Capital](http://allcapcorp.com/our-expertise/) - [Selling A Business](http://allcapcorp.com/our-expertise/selling-a-business/) - [Buying A Business](http://allcapcorp.com/our-expertise/buying-a-business/) - [Get Financing](http://allcapcorp.com/our-expertise/get-financing/) - Who We Are - [About Us](http://allcapcorp.com/who-we-are/) - [Our Team](http://allcapcorp.com/who-we-are/our-team/) - Our Success - [Client Testimonial](http://allcapcorp.com/our-success/#testimonials) - [Industry List](http://allcapcorp.com/our-success/#industries) - [Completed Transactions](http://allcapcorp.com/industries/) - [Awards & Accolades](http://allcapcorp.com/our-success/#awards) - [Accreditations](http://allcapcorp.com/our-success/#accolades) - [Resources](https://info.allcapcorp.com/resources) - [Articles](https://allcapcorp.com/blog/) - [Contact Us](https://signup.allcapcorp.com/contactus) # Allegiance Capital Merger & Acquisition News and Trends ![Insights Into Why Oil Prices Will Drop Long-Term](https://peg.allcapcorp.com/hs-fs/hub/378534/file-705359001.jpg) ## Insights Into Why Oil Prices Will Drop Long-Term # **Long Term Oil & Gas Trends** **![Reasons_Oil_Gas-300x199](https://peg.allcapcorp.com/hs-fs/hub/378534/file-705359001.jpg)As other energy sources expand, oil will provide 31.5% of U.S. energy needs in 2040, compared to 36.6% in 2011**.SOURCE: EIA, *Annual Energy Outlook 2013* *As other sources of energy become viable substitutes in certain industries, energy consumers will become less ans less dependent on it. * **As production grew and demand fell, the U.S. has been a net exporter of finished petroleum products since 2011**.SOURCE: EIA, *Petroleum Monthly* *We will de dependent on emerging markets to continue to grow to support the amount of production our refineries are producing of finished petroleum products. * **NATURAL GAS DEMAND** **Growing supplies of less expensive natural gas are leading to more heavy truck operators – 20% of national fuel consumption – switching to vehicles that operate with compressed natural gas ** **Households are switching from oil to natural gas to heat their homes to save money. Since 2008, households using heating oil declined from 8.4 million to 6.9 million**, according to EIA. *As the Shale boom continues, the U.S.will have an abundance of natural gas. Manufacturing  facilities, fleet vehicles and households are viable options as end consumers for natural gas. It will not be until the U.S. has the  from multiple ports in Maryland, Louisiana, Texas and Oregon will we see the U.S become the global leader in exporting LNG.Once this happens we will see foreign consumers pay up to 3 times what we are getting in the U.S  for natural gas. *   [![Allegiance Capital Corporation](https://peg.allcapcorp.com/hs-fs/hubfs/raw_assets/public/AllegianceCapita_July2020/images/logo-allegiance-capital-corporation.png?width=230&height=65&name=logo-allegiance-capital-corporation.png "Allegiance Capital Corporation")](http://allcapcorp.com/) ##### Contact 14180 Dallas Parkway Suite 350 Dallas, TX 75254 Phone: 214.217.7750 Fax: 214.217.7751 [Email: info@allcapcorp.com](mailto:info@allcapcorp.com) - [Home](http://allcapcorp.com/) - [Our Expertise](http://allcapcorp.com/our-expertise/) - [Who We Are](http://allcapcorp.com/who-we-are/) - [Our Success](http://allcapcorp.com/our-success/) - [Insights](http://allcapcorp.com/insights/) - [Contact Us](https://signup.allcapcorp.com/contactus) ##### Follow Us [![Facebook](https://peg.allcapcorp.com/hubfs/raw_assets/public/AllegianceCapita_July2020/images/icon-facebook-white.svg)](https://www.facebook.com/AllegianceCapital) [![Twitter](https://peg.allcapcorp.com/hubfs/raw_assets/public/AllegianceCapita_July2020/images/icon-twitter-white.svg)](https://twitter.com/AllCap) [![Linkedin](https://peg.allcapcorp.com/hubfs/raw_assets/public/AllegianceCapita_July2020/images/icon-linkedin-white.svg)](http://www.linkedin.com/company/allegiance-capital) 2020 Allegiance Capital