Oil and natural gas prices remain in the doldrums, and the odds of an immediate turnaround look long indeed. But with these volatile markets, you can never say never. And while unlikely in the short term, there are a couple of wild card factors that could give energy markets a lift later this year.
The coming of car apps, car apps and more car apps. Drones in urban areas. Robo-writing software. Generation Z — a ready market for virtual reality.
The gloomy headlines about sinking oil prices never seem to end. But crude oil isn’t the only fossil fuel caught up in a bear market these days. Coal prices have also been sinking. And the long-term outlook for coal arguably looks a lot worse than that of oil.
What to expect in the year ahead? Big growth for small satellites, virtual reality and augmented reality. More industry uncertainty over Net neutrality. A step to the next level for smart watches. And more.