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The oil and gas industry has converged to Houston for the annual oil and gas conference known as CeraWeek.
The yearly event is hosted by Daniel Yergin, the founder of Cambridge Energy Research Associates and author of the bestseller The Prize: The Epic Quest for Oil, Money, and Power.
One of the headline speeches this week was by BP Chief Executive Tony Hayward. It was noteworthy because at a time when key governments, including the U.S., are set to invest billions in clean tech, Hayward reaffirmed that today oil and gas continued to be the most reliable source of energy.
Hayward stated, “Here we come to an important reality about future supply and demand which, although unpalatable to some, must be sensibly and honestly faced. Around 80% of all energy is provided by fossil fuels and by most forecasts, fossil fuels will still provide the majority share of primary energy in 2030.”
It’s a stark shift for the company, which under its previous CEO, Lord Browne, had adopted a “beyond petroleum” policy to become a major player in the clean energy space.
BP worked hard to transform public perception so it was seen — not as a stodgy oil and gas company — but rather as a cutting edge ENERGY company. Hayward did back issues of energy efficiency, vowing continued clean tech investments and calling for a global cap-and-trade system.
On capping carbon emissions Hayward said this:”In my view cap and trade is the best option because it gives environmental certainty based on an absolute emissions cap. The ultimate objective is a global Cap and Trade system but that is probably a little way off.”
But overall Hayward was in Houston to reaffirm BP’s commitment to its core oil and gas business, “our industry must continue to find and develop new sources of oil and gas,” he told CERA attendees.
This is not a surprise. As reported here, BP has been scaling back its clean tech investments, arguing that in this tight market every spare dollar would prop up the oil and gas business.
Hayward is a pragmatic businessman who knows that despite the billions of dollars that are about to flow into clean tech, not just in the U.S. but globally, the reality is that hydrocarbons, today, are the most dependable energy source for a world that long-term will need more and more of it.
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that is right for your online business. so make sure, you check some of them out before hiring.writing is a lucrative business, and that is why all of a sudden, you can see a whole new bunch of companies pop up…
you at least willing to learn?) do…
you have time to write every week? then become a blogger and make money with ads.however, if you want to make good money with blogging, you need a lot of visitors to you blog. that means you should know how to…
anchor textthis is a very important factor…
in determining google rankings. use anchor text efficiently. like if your website is about light bulbs, and then be sure to use the keyword light bulb in your comment, and use it as an anchor text for your links. when google…
mean a lot of different things for…
a lot of different people. you can write in a variety of contexts but all of them require you to have a firm grasp oh how to compose your writings. this quick guide will show you how to become a better…
given guidelines for producing timely, informative articles…
and features to increase your subscriber base?whatever your specific needs for a good writer are, this article aims at helping you focus on 5 key requirements of hiring an experienced writer who will deliver value-driven content for enhancing your publ…
to sell it and gain a percentage…
of the sales. to be able to garner more sales, the seller introduces the business to another prospect. the prospect if agreed on the business will now be an affiliate of the seller. it is a cost-effective in a business because…
but instead i found it more beneficial…
to separate the content into 12 lessons. each lesson is a written pdf, but i also provide support material in the form of videos, templates, etc.that way, it’s 10 times the value for the customer. most people who would buy a…