Cost competitiveness in the energy sector requires scale and scale is harder to achieve with energy products. The reasons for this range from the costs of R&D, to cost of distribution infrastructure, production facilities, and parts or components pricing.
Traded as a commodity, petroleum plays a vital role in the economic development of every nation. Record prices at the pump, market instability, and a U.S. economy clearly in crisis, are factors forcing the public to explore solutions. Is offshore drilling the answer?