Oil & Gas Technology Blog

Oil & Gas Technology

The Oil & Gas Technology Blog is the place for conversation and discussion about Drilling, Refining, Exploration, and Distribution. Here, you'll find everything from application ideas, to news and industry trends, to hot topics and cutting edge innovations.

Previous in Blog: Will Refracturing Take Hold?   Next in Blog: Natural Gas Abhors a Vacuum
Close
Close
Close
2 comments

Should Future Drillers Fear Demand Destruction?

Posted December 01, 2015 12:00 AM by Engineering360 eNewsletter

Both the International Energy Agency and the U.S. Energy Information Administration expect fossil fuel use to grow by 50% over the next 30 years. But what if these numbers are vastly overstated? The Carbon Tracker Initiative invites a closer look at the logic behind these demand predictions, focusing on nine assumptions that could turn out to be less reliable than history would indicate. The Initiative suggests that population growth, carbon intensity, oil demand, GDP growth, and several other factors will create demand destruction (watch) that threatens to do the same to the oil and gas industry.


Editor's Note: This news brief was brought to you by the Oil & Gas Technology eNewsletter. Subscribe today to have content like this delivered to your inbox.

Reply

Interested in this topic? By joining CR4 you can "subscribe" to
this discussion and receive notification when new comments are added.
Guru
United Kingdom - Member - Indeterminate Engineering Fields - Control Engineering - New Member

Join Date: Jan 2007
Location: In the bothy, 7 chains down the line from Dodman's Lane level crossing, in the nation formerly known as Great Britain. Kettle's on.
Posts: 30461
Good Answers: 819
#1

Re: Should Future Drillers Fear Demand Destruction?

12/01/2015 6:44 AM

Fear? No.

Plan for it? Certainly.

__________________
"Did you get my e-mail?" - "The biggest problem in communication is the illusion that it has taken place" - George Bernard Shaw, 1856
Reply
Guru

Join Date: Dec 2009
Location: Kansas, USA
Posts: 748
Good Answers: 64
#2

Re: Should Future Drillers Fear Demand Destruction?

12/02/2015 12:31 PM

I read a statement one time that said, "many industries are one technology shift away from extinction". Kodak missed it with film and digital pictures, carbeurators - fuel injection, buggies - cars, etc. The list is long. Everyone has to have forward looking vision and be placing themselves in a position to move with the changes as they take place. Or, be innovative and be the ones who make the technology shifts happen. Elon Musk with cars, space travel, battery and solar, is a good example of that kind of thinking. Also, Jeff Bezos, Steve Jobs, etc.

__________________
One of the greatest discoveries a man makes, one of his great surprises, is to find he can do what he was afraid he couldn't do. Ford, Henry
Reply
Reply to Blog Entry 2 comments
Interested in this topic? By joining CR4 you can "subscribe" to
this discussion and receive notification when new comments are added.

Previous in Blog: Will Refracturing Take Hold?   Next in Blog: Natural Gas Abhors a Vacuum

Advertisement