DeSanctis: Embracing Diversity to Overcome Energy Challenges
The U.S. shale revolution has not only changed the economic picture of the energy industry, and the economy as a whole, but it has also created an abundance of opportunities for a new and more diverse workforce wishing to enter the industry. And the job opportunities stemming from fracking in shale formations are coming at a time when the industry is already going through a paradigm shift as senior workers move into retirement. This is creating an unprecedented time of opportunity for the industry to take advantage of workplace diversity in solving some of its challenges.
That was the message ConocoPhillips Vice President, Investor Relations and Communications, Ellen DeSanctis, told attendees at a recent Women’s Energy Network luncheon.
The resurgence in the oil and gas industry is creating opportunities not dreamed of in the 1990s. As a result of the combination of hydraulic fracturing and horizontal drilling, the U.S. has access to more natural gas resources in some unconventional formations than all the natural gas resources in some countries, DeSanctis noted.
One result for the United States of this abundance of accessible supply has been a change – even a reversal – in the geopolitics of buying and selling energy.
“Many believe that we and Canada could become net exporters by 2020. We are no longer as dependent on hostile nations for own crude oil supply. That’s a huge shift in the paradigm.”
Despite some recent price softening due to increases in supply, DeSanctis sees continued strength in the market for some time to come.
“There is still plenty of supply in our country being produced economically, and that bodes well for the future of gas production in our country. In many ways, we are a victim of our success. The more we find, the flatter we make our supply curve. That’s the nature of our business. But you have to believe that at some level, lower energy costs for the world, and certainly for our country, are good for all of us,” she said.
123
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call