Perspective and the Past and Future of the Oil and Gas Industry
"Perspective and the Past and Future of the Oil and Gas Industry" Things move slowly in the oil business where it takes 20-30 years between invention and implementation. There are many reasons for this, all related to the slowness of the depletion of reservoirs. This presentation attempts to give a perspective to the past 30+ years in the “awl bidness” from an academic perspective. It reviews popular conceptions about producing hydrocarbons, the cyclic nature of the industry, and gives a few examples of paradigm shifts.