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.
More from CNAS
-
Economic Security in North America
Commentary
Executive Summary In its request for comment, the Office of the U.S. Trade Representative (USTR) solicits comments on and recommendations for “specific actions [to promote] al...
By Emily Kilcrease & Geoffrey Gertz
-
How Sanctions Became a Way to Wage War and When They Actually Work, with Eddie Fishman
Podcast
In this episode of “Financial Crime Matters,“ Kieran Beer talks with Eddie Fishman, CNAS adjunct senior fellow and author of “Chokepoints: How the Global Economy Became a Weap...
By Edward Fishman
-
Video
Defense / Energy, Economics & Security / Technology & National Security
The Outlook CEO Perspectives on Risk, Resilience and ReturnsJoin David Schwimmer and Richard Fontaine, CEO of the Center for New American Security, as they explore the current national security landscape and its impacts on global econo...
By Richard Fontaine
-
What's an Economic Security Agreement and Why Does the U.S. Need Them? With Peter Harrell
Podcast
Derisky Business is returning for season 2! After a brief hiatus in which obviously nothing (nothing!) notable happened in the world of trade and economic security, Emily and ...
By Geoffrey Gertz & Emily Kilcrease
