engleski

THE PAST, PRESENT AND THE FUTURE OF THE OIL AND GAS INDUSTRY: A REALITY CHECK

Oil has been the lifeblood of the global economy for over a hundred years. Oil is directly responsible for about 2.5% of world GDP and accounts for 1/3rd of humanity’s primary energy supply and the numbers grow above 50% if one includes natural gas in the calculations. The aim of this paper is to present a current overview of the industry fundamentals and to provide an insight into the key trends and challenges facing the industry while encompassing views not only from energy producers and consumers but also policy makers, traders and analysts across the global market. Given the fact that many developing and emerging economies try to take advantage of the available natural resources in order to enable and spur growth, a special emphasis is put on the future development of the oil and gas industry in these economies. Overall, our analysis shows that the industry is evolving in the context where complexity and uncertainty are managed through diversification of companies, partnerships and flexible business models.

Oil; industry fundamentals; future development; business models

Izdana je i knjiga sažetaka konferencije u tiskanom izdanju. (ISBN 978-953-57413-5-0, A CIP catalogue record for this book is available in the Online Catalogue of the National and University Library in Zagreb under the number 000901127.) Radovi s konferencije zastupljeni su u sljedećim bazama podataka: EconBiz, EBSCOhost, ProQuest.