Future of Oil Industry

Future trends relating to energy prices and oil price per barrel. Impact on global economic growth of rising oil prices. Balance between oil production and oil consumption. Peak oil and proven global oil reserves -- why they are rising. Oil from coal -- future trends in coal industry. Petroleum based products and petrochemical industry -- growing demand for all kinds of commodities including steel, copper, oil, coal, gas, all part of the growth of emerging economies such as China, India, Indonesia, Brazil, Malaysia, South Korea, Singapore and so on. Impact on utility companies. Deep sea drilling, oilfields, engineering and environmental challenges including global warming / climate change. Impact of rising fuel costs on transport and transportation industry, aviation, rail travel, shipping, vehicle sales, car use, heating and air conditioning systems, building design and manufacturing. OPEC production quotas and their impact on global economic growth. Instability and revolution, impact of popular protests across Middle East oil producing nations. Government policy changes in Tunisia, Egypt, Libya, Yemen, Oman, Qatar, Kuwait, UAE, Saudi Arabia. Link between oil wealth and local unemployment. Inequalities of wealth and wealth distribution in future by governments keen to maintain political power. Impact of alternative energy production on oil consumption. Predictions for future energy costs. Video by conference keynote speaker Patrick Dixon, author of Sustainagility and Futurewise.