My Thoughts on the Worldwide Panorama and Prospect of the Hydrocarbon Sector

In the midst of the end of the nineteenth century, a new era of industrialization flourished and with that, the panorama encompassing the concept and achievability of economic development has catapulted towards a state of hydrocarbon dependency.

Since then, Oil and Gas have been deemed by a wide range of Government Officials, intellectuals and people of interest as the most valuable stream of income retrievable by a country which is apt to fully exercise its capabilities in the usage of available reservoirs.

Governments have been incessantly gearing their economies towards hydrocarbon retrieval based policies as measure to achieve economic growth and long term sustainability. This phenomenon stems from the highly and often portrayed need which emphasizes on the betterment of citizens’ standard of living.

History tells us that the countries where reservoirs were vast, there was a higher likelihood of achieving a preeminent GDP per capita by means of equipping its citizens with the arsenal and means to empower its economy towards a sustainable growth. I truly expect that this pattern is reciprocal to Mozambique and that the citizens of this country, genuinely benefit from the unfathomable reservoirs encountered.

Despite the aforementioned, not everything is to be taken as blue. After a process of due diligence executed to satisfy my inner growth, intellect and other entreaties, I can profoundly expound that we are witnessing a crisis equivalent to that of the 70’s. With prices lower than $30 per Barrel, many enterprises are experiencing a state of decay germane to stock fluctuations, jeopardizing as a result, the stipulated running course projected.

Notwithstanding this imbroglio that we are currently experiencing, apropos to the steep decline in the price rate, supply exceeding demand, I find to be truly knowledgeable that most of the analysts are depicting various syllogisms towards a better tomorrow. Me as an Economist and reasonable experienced on the matter, I find these values to be volatile, capricious and unsustainable in the long haul. The world as we know would crumble if this were to be deemed as susceptible of being plausible in the long haul. Coincidently, this goes in accordance with the above depicted study generated by Barclays.

Nevertheless, this is a business where only the strong will survive and sling to a state of excellence.