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Alex Kent, Managing Director, Aspermont Limited

Alex Kent
Managing Director | Aspermont Limited
613 - 619 Wellington Street, WA, 6000 Perth (AUS)

Corporate@aspermont.com

+61 8 6263 9100

Aspermont shows the success of digitalization - Alex Kent has an agenda


Jim Payne, CEO, dynaCERT Inc.

Jim Payne
CEO | dynaCERT Inc.
101-501 Alliance Avenue, M6N 2J1 Toronto, Ontario (CAN)

jpayne@dynacert.com

+1 416 766 9691

dynaCERT CEO Jim Payne on attractive hydrogen opportunities


Sebastian-Justus Schmidt, CEO and Founder, Enapter AG

Sebastian-Justus Schmidt
CEO and Founder | Enapter AG
Ziegelhäuser Landstraße 1, 69120 Heidelberg (D)

info@enapterag.de

Enapter AG CEO and founder Sebastian-Justus Schmidt on the future of hydrogen


20. January 2020 | 05:50 CET

Saturn Oil & Gas, TORC Oil & Gas, Whitecap Resources - it's time for harmless oil!

  • Oil
Photo credits: pixabay.com

In recent years, there has been a growing trend in modern society that food must originate from the region and a declaration as 'organic' is now considered mandatory. Coffee beans from distant countries should definitely carry the label 'Fairtrade' and blood diamonds are rightly considered frowned upon. Consumers have changed the supply with their purchasing and market power. When will the oil market change?

time to read: 1 minutes by Mario Hose


 

Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author


Top 10 oil production

The global oil market is as large as all other commodity markets combined. It is therefore all the more important that this market functions properly, i.e. that supply and demand can meet in equal quantities to ensure fair pricing. In October 2019, the USA led the list of producing countries with a quantity of 12.6 million barrels per day.

Russia ranked second with 10.6 million barrels, followed by Saudi Arabia with 10.3 million barrels, Iraq with 4.6 million barrels and China with 3.8 million barrels. In sixth place was Canada with 3.6 million barrels per day, followed by Kuwait with 2.6 million barrels, Nigeria with 2.0 million barrels, Norway with 1.5 million barrels and Angola with 1.4 million barrels.

Tolerance despite death penalties

It is no secret that countries that rely on large deposits of raw materials are not necessarily modern and developed. Often dictators and autocrats have such countries firmly in their grip and the revenues tend to seep into private pockets rather than to promote and advance society.

For example, the death penalty is on the agenda in many producing countries and a large part of the proceeds from oil production goes into the military budget. The latter is probably also one reason why the political tolerance of the Western world towards countries with little understanding of human rights is so great.

More than 100 million barrels per day

With its high environmental standards, Canada is virtually the 'organic farmer' among the oil-producing countries. Based on facts, it is probably only a matter of time before a new trend emerges that oil must come from countries that, like Canada, protect the environment and respect human rights.

A development that will also benefit the companies Saturn Oil & Gas, TORC Oil & Gas and Whitecap Resources. The demand for oil in modern society will remain unbroken for many decades to come. Demand will continue to come not only from the energy sector, but also from other processing industries that require crude oil as an ingredient. Would consumers at the gas station prefer harmless fuel?


Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author



Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


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