Future of oil industry - Engineering - Oil and Gas Industry Press

Is pursuing a petroleum engineering degree useful i.e. is there a future in the oil industry ?

With the oil reserves declining and the pursuit of alternative renewable energies to oil, will there still be a future for petroleum engineers for the next decades or is it a doomed profession?


You have nothing to worry about. If I were you I'd take a look at the Hubbert's Peak Model. It's Generally agreed upon that that is how the decline of oil will take place. Oil WILL NOT run out in your, or your children's lifetime. That is a FACT. The

A year of oil records

The North Dakota oil industry has exploded, breaking record production almost every month for nearly two years, officials said Friday.

“We just continue to see record wells being set and record rigs, record barrels being produced,” said Alison Ritter, North Dakota Department of Mineral Resources spokeswoman. “The numbers show we continue to set records every month.

North Dakota has been setting records in oil production since January 2010 due to an oil boom in the western part of the state, according to presentations from Lynn Helms, the North Dakota Department of Mineral Resources director.

As of October, the state was producing more than 488,000 barrels per day oil and more than 506,000 MCF, or thousand cubic feet, gas.

Producing wells also passed records almost every month. January and February were the only months not to break records. As of October, North Dakota had 6,202 producing wells.

The Oil and Gas Division started to see rig count records break in October 2010 when the count hit 156. Since then, January, June and September were the only months that didn’t break the previous month’s records. The record stands from Nov. 19 at 204. There were no available reports for December.

Future of Oil Industry: energy prices, global economic, Middle East - Energy speaker keynote

www.globalchange.com Future trends relating to energy prices and oil price per barrel - economy outlook. Impact on global economic growth of ...

How To Invest In The Volatile Future Of Oil - Wallace Forbes - On ...

OPEC is breaking its production quota by a good two million barrels a day above what it said it would produce, and there is still a theoretical five million barrels a day of excess capacity in OPEC that isn’t being used. Charles Maxwell, Senior Energy Analyst, Weeden & Co. Charley Maxwell: The hydrocarbon world is divided into oil and gas. 5 days of supply in a normal range of 52 to 63 days)....

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Future of oil industry - Bookshelf


Future energy, how the new oil industry will change people, politics and portfolios
226 pages
Future energy, how the new oil industry will change people, politics and portfolios

This timely book takes investors on a fascinating exploration of how high energy prices create opportunities for the average investor.

Energy, production, consumption, and consequences
296 pages
Energy, production, consumption, and consequences

To model the future performance of the US oil industry, each boundary will be ... Future US Oil and Gas Additions and Production The logic of the model that ...

The politics of the global oil industry, an introduction
262 pages
The politics of the global oil industry, an introduction

The relationship of international politics and the global oil industry affects everyone but is understood by few.

World oil World oil

Hostile Attitude Toward Industry And yet, strange to say, the attitude of ... Future of Oil in the Southwest I come now with some hesitation to the final ...

The changing dynamics of energy in the Middle East
440 pages
The changing dynamics of energy in the Middle East

Any forecast must take into account the former regime's mismanagement of its oil infrastructure, the impact of UN sanctions on Iraq's oil industry, ...

Future of oil industry - News


IATA eyes Asia as key to future prosperity
IATA eyes Asia as key to future prosperity Mr Bisignani said the political unrest in the Middle East had caused December expectations of $84 per barrel of oil to be revised as prices had rocketed above $100 a barrel, identifying the rising price of oil as the industry¡¯s biggest risk.

Oil and Water; Jet Fuel and Labor
Oil and Water; Jet Fuel and Labor Based on findings by the Air Transport Association's superb economic analysis team led by chief economist John Heimlich, the US airline industry paid the equivalent of $174.64 per barrel [price of a barrel of oil plus the equivalent cost to refine

US groups unlock secret recipe for oil
US groups unlock secret recipe for oil But a revival in the domestic oil industry, driven by the exploitation of “unconventional” reserves such as shale oil, has for the past two years reversed the steady decline of US production that began in 1985. M. King Hubbert, a Shell Oil geologist,

Gasoline prices rise; this time, industry is ready
Gasoline prices rise; this time, industry is ready Right now, that decision looks pretty good. The industry, as a whole, is on the right track. And the price of oil no longer is an inverse indicator of Detroit's future. by skimike4 March 3, 2011 6:43 AM PST I do like these stories.

How To Build Your Own Energy Portfolio
How To Build Your Own Energy Portfolio We do not recommend energy ETFs that own futures contracts like United States Oil (USO) or United States Natural Gas (UNG). These ETFs are baskets of contracts (not companies) to buy actual gas and oil in the future. For many technical reasons,