June 04, 2014

Finding a Big Data "Safe Space" for the Energy Sector

The oil industry was one of the original "smart" industries, but its tradition of leadership in using data to improve operations, enhance security and serve markets has been diminished over time by the counterintuitive incentives imposed by regulators.

As the sector transforms in response to a supply-side revolution and prepares to engage with global markets more directly through exports, the industry should be freed to build the next generation of infrastructure with efficient markets, security and consumer needs in mind.

One of the satisfying things about working in the oil business is how real it is: an actual physical substance is extracted, chemically upgraded and put to use every day in the real world by real people. That means it can be easy to forget how much the oil sector has relied on data collection and analysis to drive efficiencies that have served consumers well, and how a change in methods of collection and analysis can alter the way efficiencies are identified, implemented and achieved.

Read the full piece at Huffington Post.

  • Reports
    • April 4, 2024
    Sanctions by The Numbers: The Russian Energy Sector

    Since 2014, the United States, the European Union (EU), and other like-minded nations have targeted the Russian energy sector with increasingly significant coercive economic m...

    By Jocelyn Trainer, Nicholas Lokker, Kristen Taylor & Uliana Certan

  • Commentary
    • Sharper
    • March 20, 2024
    Sharper: Regulating Technology

    The pace of technological change presents both immense opportunity for private industry and complex challenges for national security. These technologies, including artificial ...

    By Anna Pederson & Julia Arnold

  • Podcast
    • March 18, 2024
    Can Europe fund its defense ambitions?

    The majority of European members of NATO are not spending as much on defense as they agreed to. But that may change as the European Union considers a move to a "war economy." ...

    By Rachel Ziemba

  • Commentary
    • Barron's
    • March 15, 2024
    A New Approach to Sanctions Is Pushing Up Energy Prices and Crimping Russia’s Revenue

    Heightened U.S. sanctions enforcement has also raised the importance of China as the buyer of last resort for Russia....

    By Rachel Ziemba

View All Reports View All Articles & Multimedia