April 2014

Columns

HP Editorial Comment: What is the future for hydrocarbons and their prices?

Have we reached peak oil, again? No; the naysayers have predicted peak oil five times already, and innovative technologies continue to overcome previous barriers and to find new methods of developing ..

Romanow, Stephany, Hydrocarbon Processing Staff

Have we reached peak oil, again? No; the naysayers have predicted peak oil five times already, and innovative technologies continue to overcome previous barriers and to find new methods of developing what were once seemingly impossible hydrocarbons. The more important question is this: how much investment will be needed to bring future hydrocarbons to market? Advanced technologies have enabled finding new crude oil reserves in some of the most problematic locations such as the oil sands in northern Canada, extra heavy oil in South America, and deepwater reserves. Such hydrocarbon projects will require higher investments for exploration and production, and even higher operating costs to upgr

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