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2026 Oil & Gas Market Forecast with 30-Year Chevron Veteran

Get insider insights on the 2026 oil and gas market from Chris Hedge, who spent 30 years at Chevron working across IT, pipeline management, NGL trading, and long-range analytics. In this episode, we break down Venezuela's oil crisis, U.S. production trends, and what's driving moderate oil prices through 2026.

What You'll Learn:
The real geopolitical strategy behind Venezuela (it's not what you think)
Why U.S. oil production growth is slowing down
Chris's outlook for moderate prices through 2026
How the efficiency plateau is affecting shale production
The connection between OPEC, demand, and market balance

TIMESTAMPS:
00:00 - Episode Introduction
00:47 - Meet Chris Hedge
01:47 - 30 Years at Chevron: From IT to Analytics
05:30 - Why Chris Left Chevron and Landed at WoodMac
06:34 - Venezuela: What's Really Happening?
08:06 - The Geopolitical Oil Play vs. Resource Grab
12:30 - How Venezuela's Oil Situation Affects Markets
18:45 - 2026 Oil & Gas Market Outlook
21:20 - Why U.S. Production Growth is Slowing
24:15 - Production vs. Demand: What to Expect
27:37 - The Efficiency Plateau in U.S. Shale
28:52 - Resources to Follow & Wrap-Up

ABOUT CHRIS HEDGE:
Chris Hedge brings 30 years of oil and gas experience from Chevron, where he built trading functions, ran long-range analytics, and provided investment analysis for executives and board members. After Chevron, he worked at Wood Mackenzie running their liquids business and ICIS on the chemical side. He now writes extensively about energy markets, geopolitics, and the oil & gas value chain on LinkedIn.

ABOUT LOCAL ENERGY:
Local Energy is a podcast exploring the people, companies, and trends shaping the oil and gas industry. Hosted by Peter Brecht, featuring conversations with industry veterans, executives, and experts.

CONNECT:
🔗 Chris Hedge on LinkedIn:   / bchedge  
🌐 Local Energy Website: https://localenergy.com
🔔 Subscribe for weekly energy industry insights

💬 What's your 2026 oil price prediction? Drop it in the comments below!

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