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Collaborating Authors
ABSTRACT We in the oil industry are often accused of talking too much to ourselves. That may be true. But it is also true that our best missionaries come from the ranks of those who understand our problems. During recent months, I am sure you have all heard a great deal -- perhaps more than you care to know -- about the U.S. energy situation . There has been a steadily growing awareness i n business, government, and academic circles that there are some ominous clouds looming on our energy horizon. A recent survey of public attitudes in representative markets showed that 81 percent of the adults believe the U.S. will face a serious energy shortage unless new sources of oil and gas are found. We had a sharp intimation of what an energy shortage can mean in the power shut-down in the New York area on November 9, 1965. For a brief period lights went out, TV sets went dark, kitchen ranges grew cold, and elevators stalled between floors. Recent events in Great Britain gave us an even more vivid warning of what an energy crisis can mean to a modern industrial nation. The prolonged coal miners? strike shut down factories ; threw about two million people out of work; left offices , stores , and homes without light or heat , for hours at a time; imperiled the supply of milk, eggs, bread, and sugar; reduced even Buckingham Palace to the use of candlelight; and threatened an overturn of the government. Unfortunately, the concern about energy matters aroused by these and other related events has thus far produced much confusion and little in the way of constructive action. The energy situation has gotten to be a little bit like the weather; everybody talks about it but nobody does much to improve it. And so my purpose today will be to go back to the fundamentals and deal with three simple questions: , what is the problem; d, what are the causes; and third , how do we find our way out of the woods. THE LONG-TERM OUTLOOK Let me begin by suggesting t h a t bur energy problems lie primarily in our medium-term, rather than our long-term, future. From a long-term standpoint, our basic energy position is reasonably sound. This nation was liberally endowed with basic energy materials. We are certainly far better off in this regard than many other industrial nations of the world, such as Japan and the countries of Western Europe. At the present time, we are consuming about 68 quadrillion BTU's per annum, and our needs will probably double by 1985. To meet these requirements, we have crude oil , natural gas, coal, uranium, hydroelectric power, shale oil , and geothermal power. Taken in the aggregate, these energy resources have a BTU content sufficient to meet our needs for at least 100 years or more.
- Europe > United Kingdom (0.87)
- North America > United States > New York (0.35)
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > North America Government > United States Government (0.69)
While the history of oil and gas in the Americas and the Middle East is well established, it faces its own unique challenges. Oil and Gas is rapidly changing, but the fundamental expertise is still the bedrock of a successful career. Across the Middle East, Europe, and Africa the needs and views of the oil and gas industry vary massively. The Asia Pacific region is a fast-growing and thriving place for young professionals. Adapting to available opportunities while focusing on your career ambitions is a key skill in a successful career.
- Europe > Middle East (0.50)
- Asia > Middle East (0.50)
- Africa > Middle East (0.50)
John McDonald, OPITO CEO, discusses the purpose and work programs of the North Sea Transition Deal (NSTD) -People & Skills Strategy, a UK-based cross-industry strategy led by OPITO to develop skills for a net zero energy industry and an all-energy workforce for the future. Through the Energy Skills Alliance (ESA), the development of the strategy brought together leaders from across the oil and gas, renewables, nuclear and refining industries, as well as representation from within regulators, governments, and trade unions. John discusses how the ESA will now move from strategy development to the delivery of action to respond to supporting a transitioning energy workforce.
UK Prime Minister Lizz Truss, who assumed the leadership role earlier this week, has introduced a sweeping plan to freeze consumer energy costs and expand domestic oil and gas production. The actions come as the UK and much of the rest of Europe grapple with record-high energy prices that have been exacerbated by recent Western sanctions against Russian gas imports. "This is the moment to be bold. We are facing a global energy crisis and there are no cost-free options," Truss said in her announcement of the new measures to the UK Parliament on 8 September Truss emphasized in her remarks that UK energy policy has not done enough to shore up domestic supply over the past decades. "I will end the UK's short-termist approach to energy security and supply once and for all," she said.
- Government > Regional Government > Europe Government > United Kingdom Government (1.00)
- Energy > Oil & Gas > Upstream (1.00)
Aldo is currently Senior Advisor at FTI Consulting and Senior Fellow at the UT Energy Institute. In today's episode, we will look to dive into the latest energy updates surrounding Central and South America, in particular – Brazil, Guyana, Mexico and Venezuela. Whereas Brazil and Guyana have embraced IOCs (international oil companies) for oil and gas developments, Mexico and Venezuela have largely alienated the IOCs and their potential investment dollars. So, have we learned anything here? What else don't we know about where things are going for each of these countries … and why?
- South America (1.00)
- North America > Mexico (1.00)
- Energy > Oil & Gas (1.00)
- Government > Regional Government > North America Government > Mexico Government (0.50)