The Petroleum Industry is the main provider of energy today. Fossil Fuels i.e. Oil, Gas, Coal are the primary sources of energy, providing over 86% in today’s world (Energy Information Administration, 2007).
Unfortunately, today the Petroleum industry stands on the cross roads with tall claims of peak oil and dwindling reserves, crude price volatility, increasing carbon footprint of the industry and technological limitations. To maintain the momentum of growth of human race, a fresh outlook complimented by new technological pursuits and energy-efficient innovations is needed.
The industry requires robust policies and no-nonsense zeal for smart and efficient utilization of existing fuel reserves, as well as simultaneous passion for finding more resources to replenish our dwindling stockpile. We should remember that ‘The stone age did not end because we ran out of stones’ - Sheikh Yamani.
Much of this responsibility lies in the hands of youth, who have a higher stake in the future. Future progress depends on how we channelize the vibrancy of youth. Young people bring enthusiasm, innovative unorthodox ideas and sensitivity to emerging issues. The future of our industry greatly depends on these indispensable qualities.
Experience of the veterans and vigor of the Youth must be synergized to guide the World towards a stronger and sustainable energy future. The baton has to be passed to the Youth, future leaders of the society. Enabling youth to be at the epicenter of the current as well as future energy pursuits, empowering them adequately to look beyond present energy perspective, mentoring them adequately and bringing them to the forefront to take ownership of the issues and challenges, are the steps to reach the goal.
With this view, we bring you the 3rd WPC-Petrotech Youth Forum in New Delhi on 2nd November 2010. Come, join us during the event which will bring together the present and future leaders of petroleum industry and engage them in a thoughtful discussion on the issues of the Oil & Gas Industry.
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