AS Published on Sunday 8 July 2018 - n° 241 - Categories:various sectors
What strategy for oil companies in the face of the RE challenge?
In a blog, Michael Liebreich reminds us that the most flourishing economic situations are confronted with changes in technology or general conditions: the prosperity of rubber plantations in Brazil at the end of the 19th century was ruined by plantations in Malaysia, then by synthetic rubbers between the two wars. Currently, the prosperity of the Canadian province of Alberta based on the tar sands depends on the price of oil. It has had a bad patch when the price of hydrocarbons fell and is expected to begin a decline because of the high cost of a barrel of oil and the high carbon content of a product that is on the verge of a historic decline in favour of a more electricity-based economy. This will affect the use of gas and oil. Oil and gas consumption is expected to start declining as early as 2025/2030.
Oil companies have two possible strategies:
Read next:
You can read the entire article by subscribing or spending credits.
Sign inBuy credits or subscribe
