1 min read •
The End of Oil
Price fluctuations, supply uncertainty and climate change are three substantial reasons why oil can no longer play its current dominant role in the energy mix of the future. This is the conclusion reached by Peter Hughes, Director of Arthur D. Little. Energy efficiency improvements, alternative sources of power as well as issues concerning carbon dioxide could result in the world economy moving quite some distance away from the current oil-centric world in the next ten years.
Price fluctuations, supply uncertainty and climate change are three substantial reasons why oil can no longer play its current dominant role in the energy mix of the future. This is the conclusion reached by Peter Hughes, Director of Arthur D. Little. Energy efficiency improvements, alternative sources of power as well as issues concerning carbon dioxide could result in the world economy moving quite some distance away from the current oil-centric world in the next ten years.
RELATED INFORMATION
Energy Journal – Oil & Gas
The energy industry, from oil and gas to utilities, is going through an unprecedented change. It’s a change similar to when the world moved from wood to coal, with the steam machine, or from coal to…
Internationalization of National Oil Companies
The energy transition is bringing new challenges to National Oil Companies (NOCs). The demands of the industry transformations in their own countries are encouraging many NOCs to pursue international…
Field Telecoms in Oil & Gas
This paper addresses the following key questions: What are the key oil & gas sector field communications requirements which Field Telecoms suppliers need to deliver? Which technologies are…