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What Next for the  Oil and Gas Industry?

What Next for the Oil and Gas Industry?

Full Title:  What Next for the Oil and Gas Industry?
Author(s):  John Mitchell with Valérie Marcel and Beth Mitchell
Publisher(s): Chatham House
Publication Date: October 1, 2012
Full Text: Download Resource
Description (excerpt):

 

The oil and gas industry is under pressures that will transform it. The effect of other industries on oil demand, the increasing opportunities for non-conventional oil and gas that offset perceptions of limits to conventional resources, and the shift of growth to Asia will all compel the industry to look for growth in value rather than volume, to distinguish between the expanding markets of developing countries and the declining markets of the private sector in developed countries, and to target technologies to a diversity of resource opportunities outside the state sector and to specialized partnerships within it.

How the industry changes is important for those who invest in it, depend on its products or try to avoid the environmental and social effects of using them, or who look for tax revenues from its activities.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of OurEnergyPolicy.org, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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