Tuesday, May 20, 2014

The Pursuit of “Yesterday’s Energy” Happiness

Guest blogger: Livia Wiley, SimSci Product Marketing Manager

Eighty-five years ago, economic historian Abbott Payson Usher wrote: “The limitations of resources are relative to the position of our knowledge and of our technique.” Bloomberg analysis Robert Bryce notes this is no truer than in oil and gas. “The oil and gas sector is one of advancing knowledge and increased resource availability.” As much as we try to reason that oil is “yesterday’s energy”, it continues to grow at record pace and is continually driven by innovation. So, what does this mean about our oil future? Read more here.

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