The entire world can only function well with the leadership of good people. Society, for instance, thrives on various cultures that enrich livelihood, and specific organizations, often headed by experts, aim to preserve these cultures. Livelihood anchors itself on the vision of the wisdom and experience of these thought leaders.
Meanwhile, as culture enriches life, a range of industries exist that enable a country’s economy to function. Oil and gas, for example, are basic needs. As they are necessities of life, their industry opens up a ton of opportunities, such as employment. Countries rely on oil and gas as a resource for their daily activities and livelihood. As such, the oil and gas industry demands expertise and the proper leadership. Without the direction of certain people, the top petroleum companies across the world will not succeed.
The Oil and Gas Global Network (OGGN) introduces the Oil and Gas Industry Leaders Podcast. It is the only show of its kind, where the top business leaders from some of the petroleum industry’s largest companies share their thoughts.
The Industry Giant Carrying the World
Ask anyone what things are most important to ensure human survival. Off the top of their heads, they’d likely say food, water, clothing, and shelter. Of course, these four things are necessary, but the exclusion of oil and gas in the equation only goes to show how little people know about oil.
The oil industry is massive. Can you imagine how much energy the world requires for it to be inhabitable? Oil accounts for a third of the planet’s primary source of energy, and if we were to include natural gas, the two amount to more than half of humanity’s power supply. The transportation industry, for instance, would be unable to operate without both oil and gas. Its involvement in nearly every other type of business only underscores the impact of fuel in everyday activities. The absence of transport operations would cripple many businesses, affecting daily life.
The significance of oil goes beyond operations – countries need it to uphold security, and among other reasons, enforce legislation. Having no oil and gas would invalidate modern day military. Consequently, a country without its military would result in anarchy. What would become of a country without its economy, right? If countries were to go on without oil but would be without another energy supply, humanity and modern civilization would probably collapse.
Relying on Other Sources of Energy Supply
Efforts to replace the use of fossil fuel are but natural. Renewable sources of energy, such as the wind and the sun, are growing industries, but they’re still not enough to justify eliminating oil and gas. Looking at the energy consumption of the world, the use of renewable sources comes in at a mere 0.07 percent.
Comparing the disparity between renewable energy and fossil fuel in the discussion of energy, the numbers cement how far apart the two are. The production of oil in the entire world on a daily basis, back in 2010, amounts to a couple million more than 80 million barrels per day. This production gives 5.7 terawatts of power per barrel, every day. On the other hand, wind and solar power production across the world amount to an average of 34 and 3.4 gigawatts a year, respectively.
To put it simply, there is no other way to supply energy and power the world consistently now than through oil, natural gas, and coal. Hypothetically, if the world did have access to cleaner, cheaper, and storage-ready sources of energy, the entire economy will need about a century and a half of adjustments to fully replace the use of oil.
Movement and Production – Fueled by Oil and Gas
Many industry leaders have reached the pinnacle of their respective careers because they recognize the importance of oil and gas. In doing so, they understand that infrastructure is necessary for development and progress. Its efficiency is a must, especially for an industry critical to livelihood. This efficiency directly translates to production, and respectively, consumption. For the improvement of life, energy has to be supplied – but how?
- There are pipelines, stretching for millions of miles, deep under the sea that lead to wells, responsible for the distribution of crude oil, natural gas, and an assortment of refined products. In addition, the arrangement of shipping routes weaves a network of oil cargoes. Statistics show that nearly 40 percent of all seaborne cargo in transit serves to transport oil. Infrastructure makes it possible to provide energy to civilizations.
A country’s development, especially its economy, rests on the supply and demand of oil. Having sufficient infrastructure gives a country the capacity to distribute oil and function. Consumption, meanwhile, allows it to grow.
- Economic growth hinges itself on the more affordable and more concentrated sources of energy, which are often cleaner as well. The impact of this type of energy supply improves the human condition via consumption. When productivity increases and there are fewer adverse effects, the abundance of energy can change a country for the better.Oil, in this case, fits the standard of high-quality. Its liquid state allows transportation and storage, while its stability as a substance enables the release of high As opposed to coal, oil is quite a lot cleaner. Its only drawback is its carbon dioxide emissions.The countries where the quality of life is better, as the United Nations’ Human Development Index measured, show a parallel – they also have high energy consumption. Countries like Iceland, Canada, the States, Norway, Hongkong, Denmark, and the UK have higher power consumption in kilogram-oil equivalent per year.
Naturally, a country with an abundant supply of energy, with its people consuming more than others, is a manifestation of having enough product to give a satisfying or more comfortable life. The leaders of the petroleum industry are more than aware that oil and gas is a source of energy that the world will always need. Business leaders, on the one hand, will articulate that energy is wealth.
A Peek into the Thoughts of Great Minds
The first episode of the Oil and Gas Industry Leaders Podcast features Mark LaCour, the Director of modalpoint, LLC and the Director and Editor of the Oil and Gas Global Network. Among other things, LaCour discusses how he found his way into the industry. This brief discussion includes the perspectives and steps that have helped him succeed, like reading The 7 Habits of Highly Effective People.
As a podcast dedicated to the oil and gas industry, LaCour mentions how the younger generations are picking up interest in the industry, which sort of surprised him, but in the right way. These people are eager to learn, and while some podcast listeners are mainly just part of the audience today, they could be the industry leaders tomorrow.
The only show of its kind, the podcast will continue to feature more business leaders – the movers and the shakers in the oil and gas industry – who will share their stories of greatness. Every week, listeners can tune in and learn how to be where they want to be in the industry, which is where the OGIL speakers are – at the top.