Estimation and role of oil and gas industry in the market and analysis of its future

Rakhmanberdi Uulu Yryskeldi (2022) Estimation and role of oil and gas industry in the market and analysis of its future. Pénzügyi és Számviteli Kar.

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Absztrakt (kivonat)

With this thesis work I want to elaborate on what I think the future is going to look like for traditional energy resources, precisely the oil and gas industry. I will propose my hypothesis about what would actually happen in my opinion, if opposed to what the modern world thinks. And after a thorough research I will either justify or objectify it. You will see the analysis and outcome of my research supported with variety of trusted sources. Historically there have been a lot of assumptions and estimations on how much oil is there on the Earth and how many years people can continue to consume it. According to “Worldometer” data the world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).I have an interesting point about the fate of oil and gas industry for future. The current war and energy crisis situation is making not only Europe but whole world think about limited resources. I think this need will force them to come up with enormous innovations that will help them to discover far more oil and gas then they ever thought of. This is a totally different course then what the whole world is expecting in future. Indeed, the modern technologies especially empowered with Artificial Intelligence could let humans discover far more beyond what they could see till now. This would totally objectify the theory of scientist that stated the world oil and gas resources will finish up in 50 or max 100 years from now. And instead, it would last for at least 100-200 years after that. Here is why my new estimates are for so long years: Currently we only get oil and gas from “obtainable” layers of Earth. And the cost of it is not too big. However, there are other layers of planet, like Paleozoic era’s left fossils, where the oil and gas’ quality is very good; but even with our current technologies we can only find them randomly.Next point, contemporarily with improving technologies to extract oil, we will also improve technologies to purify the air, reuse the plastic, improve the CO2 emission filtration technologies, etc. in all major till minor levels. This is a must precondition to agree on before starting to utilize “differently extracted” oil. The prices itself will surely be much higher with this new method of extracting, so more money will be earned due to vital needs of people. That big money should be applied on that same re-usage and making effective emissions purposes. This will be a guarantee to hold the balance in this circle. When people will already get used to this method which is far easier to adapt than to green energy, they will most probably postpone the transition to green, renewable energy for many decades. One more thing in support of my hypothesis: If the traditional methods of obtaining oil and gas will be held for next few decades or even less, the prices will skyrocket. This will lead to logic that it is better to use other sources of energy or even spend huge budgets on alternatives to that. In the below chapters I will break down the points that would support my point of view. I presented them in a form of fact and contemporarily analyzed on how it led the modern trends to go roughly on this “Green energy” path. Once I will gather all needed arguments for both perspectives, I will compare them to each other and conclude which ones in more efficient and which is more likely to happen in reality. As I can estimate, in any case, renewable energy is expected to grow smoothly but till long time. However, the Oil and Gas industry is able to stay at the trend for a very long time provided that people will introduce new methods of discovering and obtaining the fossil fuels like oil and gas. So I can confidently state my hypothesis could come to reality. At the same time, the cost of obtaining a kilowatt with the help of renewable energy facilities will be 25-70% lower than now, while with new innovations in oil and gas it would be 45-75%. The peak of development of alternative energy will be in 2030-2040s of the XXI century. Nevertheless, innovations could come sooner than we could think in around 2025-2030 period. And then rapidly growing, again changing the values and principles of the market.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Pénzügyi és Számviteli Kar

Tanszék

Pénzügy Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Pénzügy és Számvitel

Konzulens(ek)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	critical theory, energetika, finance, növényolajipar, olajipar
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2023. Ápr. 21. 09:45
Utolsó módosítás:	2023. Ápr. 21. 09:45

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