The term sustainability is widely used. Unfortunately, when applied to hydrocarbon energy sources, it is often mentioned in a negative way. Too often, the focus is on reducing the use of hydrocarbon fuels, or measuring the emissions resulting from burning of hydrocarbon products.
While oil and gas are finite, not “renewable” resources, they are still crucially important to building a more sustainable world and will play a major role for a very long time, not only for global economic growth but also for global social development and human lifestyle enhancement.
It is an honor for me to serve as the SPE president for the next 12 months. Without hesitation, I knew that I would devote my year as president to a theme related to energy sustainability.
Saudi Arabia has evolved in a very short time to be one of the top developing countries, one of the top 20 global economies, primarily because of oil and gas.