How will changing geopolitical landscapes and disruptive technologies in the oil and gas and clean technology industries impact future business models and the competition of fuels?
Motivation & Value:
Transformational technologies are changing the oil and gas industry, with dramatic impacts on the energy trade, competition of fuels, and the composition of future energy demand. This research area focuses on how the fuels industry will adapt to geopolitical and technology changes and climate concerns over time and how the industry will meet the challenges of rising demand for sustainable fuels.
Key Research Questions:
- In the absence of strong policies leading to sustainable transportation, what is the baseline outlook for future oil demand, and how might it change over time?
- How will the proliferation of big data analytics and the internet of things constrain growth in demand in the coming two decades?
- What role will changing automotive technologies and mobility services, e.g., car and ride sharing, have on oil demand?
- What are possible mixes of fuels and vehicles over time in a carbon-constrained world?
- What is the future role of liquid fuels versus gaseous fuels and electricity? How might biofuels penetrate liquid fuels markets?
- What do abundant, unconventional natural gas resources mean for the low carbon future?
- What are future technology and fuels options for the heavy duty, aviation and marine sectors?
- How will industry respond to regulatory and/or societal demands for reduced greenhouse gas (GHG) emissions and improved environmental quality for air, water, land use and materials?
- How might the oil industry transition to more sustainable fuels?