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The world needs new energy resources—not only to offset the decline of our existing reserves but to support the rapid growth of emerging economies like those of China, India, Brazil, and Russia. The International Energy Agency estimates that resources yet to be developed or discovered could be needed to account for 50 percent of conventional oil production by 2035.

Discovering and unlocking those new resources will require a new generation of technology to be deployed at a global scale, and this technology must use existing infrastructure. That's not only a tough technical challenge but one accompanied by often overlooked challenges of industry culture.

 

To read the full, original article click on this link: Thinking Big - Technology Review

Author:

  • JOEL MOXLEY