The Oil and Gas industry.
One of the oldest of the Mega-Industries. Responsible for 4% of the US GDP, it's
the one industry that can bring the global economy to its knees. It's obvious
that technology has played a major role in exploration & development activities
in this industry, but how is technology going to affect the industry as we head
into the new Millennium? What will the new breed of oil exploration and production
companies bring to the market place as they shift and adjust their strategies
to a volatile world economy, looking for new and more economic forms of energy?|
With the recent price increases in the Oil Sector, we have been taken on
a roller coaster ride with gas prices at the pump. As the worldwide demand for
oil far exceeds its existing supply, and as tensions between Middle Eastern nations
and the West continue to fluctuate, this dynamic translates to the gas pump. When
we decided to investigate this industry, selecting the company best positioned
to meet the challenges of its industry in this next Millennium was a challenge
in itself. But we did find one. It is called Adair International. We went into
the heart of a corporation that allowed us a peak into a world of a privileged
As the expanding global economy needs more energy, our report lead
us to Adair International, who says that they can help meet that need through
energy development projects on a worldwide basis. Adair believes that expanding
energy requirements can be met, even in Third World countries, with environmentally
Although fluctuating based on global economic cycles,
the price of oil has been quite unaffected by the varying levels of recession
in the early nineties. If one factors in twenty years of inflation, today's price
of oil is at a 24 year low.
Led by China, the Third World's appetite
for petroleum is increasing at a furious rate, and as consumerism reaches full
frenzy around the globe, that demand is likely to grow exponentially.
In 2000 and beyond as energy demands continue to increase, so too will the need
in barrels per day and respectively the price per barrel. It is believed by geophysicists
that by the year 2010, demand may be as high as 95 million barrels per day and
could likely push the price up even more as oil producers scramble to feed even
busier gas pumps around the globe. With the advent of increased developments by
NASA in research and execution of their space programs, the fuel and energy needs
to support these programs would increase triple fold by the year 2020.
As such Adair International has sought to capitalize on this continuing opportunity
by joint venturing with oil producing and research entities capable of merging
their efforts to Adair International's needs.