US Oil Gas Fishing Market

The trend in the demand for oil, gas and fishing industries of the United States is an intricate part for the economy. The energy industry, notably the oil and gas sector is very central in running the nation towards powering its infrastructure facilities, transportation among other industries. With the increase of people and industry, the energy resources often still rise in demand. For several years, the United States has been a very key player in the international oil and also gas market. There are many natural resources in the country including large quantities of oil and wet gas. The result is that domestic production has been a very major contributor to the energy independence of this country. The demand for oil and gas is not only domestically oriented but also international with the US being both a net importer as well as an very important exporter of these important commodities. Another major part of the country’s economy is the fishing industry in America. The U.S., characterized by a long coast, has many rivers and the links to Atlantic and Pacific as well as Gulf of Mexico, has an abundant fishing industry which vibrantly thrives throughout its territory. Seafood demand, both in the country and internationally has seen a thriving fishing industry that contributes positively to the economic growth creating employment opportunities for coastal regions. Sustainable practices in the fishing industry have increasingly received attention over these past few years. However, concerns regarding the overfishing, environmental issues and marine ecosystem preservation have led to the increasing transition towards sustainable fishing practices. It has not only been fuelled by the consumer pressure for ethically harvested seafood but also regulatory efforts to secure the future of marine ecosystems. The oil, gas and fishing industries are closely related. In one way, the energy industry ensures that fuel is available to power fishing craft and facilitate seafood processing as well as transporting. In contrast, the fishing industry is very susceptible to climate change and the attention to how oil/gas production activities affect marine habitats continues unperturbed. Several reasons that influence the consumption of oil and gas in America include economic growth, geopolitical events, as well as wells demographic changes. With the country depending on these energy sources for its everyday operations, there is a continuous requirement of improvement in the innovation and efficiency within this industry. This involves looking at the various options for renewable energy sources as the demand increases in order to take climate change into consideration and ease dependence on these non-renewable resources. Ultimately, the oil, gas and fishing demand in America is deeply entrenched in the national economy. In this respect, both the oil and gas industry functions as a pillar of energy production and the global trading system whilst the fishing one supports food security in national economies. Striking a balance between the demand for these resources and sustainable and responsible practices is very critical to the long-term success of all industries.