The oil and gas sector continued its strong growth in Q2, according to executives polled by the Dallas Fed in its most recent survey published on Wednesday. The survey’s broadest measure of conditions facing energy firms—also known as the business activity index—remains high at 53.0. But there’s more good news for the U.S. oil and gas sector—a sector that is facing extreme pressure from a particularly green administration, environmentalists, activist shareholders, and the IEA’s calls for a net-zero world by 2050. U.S. oil production has increased, according to surveyed executives from E&P firms. The oil production index rose from 16.3 in Q1 2021 to an astonishing 35.0 in Q2. It is the second-highest score since the survey was instituted back in 2016. U.S. gas production has also increased, according to the survey, with the gas production index rising from 16 to 35.0. The capital expenditure index increased from 31 […]