The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, stressed that the pace at which global demand for energy is increasing means that alternatives cannot replace oil in the same proportion.
Al-Ghais wrote an opinion piece for the media platform Middle East Economic Survey (MEES) entitled, “It’s about reducing emissions, not oil demand”, in which he talked about the spread of terms such as “the end of oil,” which reduce or ignore key details related to current and future demand for oil.
“Such assertions, despite all evidence to the contrary, are all the more dangerous given their potential to foster energy policies that stoke energy chaos,” Al-Ghais said, adding: “What if investments in supply fall as a result, but demand for oil keeps increasing, as we are seeing today?”
He continued: “Although the main goal of the Paris Agreement on climate change is to reduce emissions – not to choose energy sources – it feels like this has been forgotten, replaced by rigid narratives to reduce demand for hydrocarbons without thinking through the effects on energy security, socio-economic development, or reducing energy poverty.”
He stressed that such narratives “forget that oil continues to be irreplaceable in fostering global prosperity and maintaining energy security.”
Touching on the centrality of oil, the OPEC secretary general wrote: “It is sometimes easy to forget just how critical oil is to our everyday lives, but without it we would not have gasoline, heating oil, jet fuel, syringes, soap, computers, car tires, contact lenses, artificial limbs, many types of medicine and much more. The fiberglass, resin and plastic needed to construct most wind turbines and the ethylene for solar panels would not exist either.”
He added: “The reality is that the end of oil is not in sight. Oil continues to make up almost a third of the global energy mix today and global oil demand continues to rise.”
In another article published on the OPEC website, Al-Ghais called on all job seekers, of all generations, to consider working in the oil industry, stressing that it is “an opportunity... to provide energy to the world.”
“The oil and gas industry has a significant role to play in employment globally. In terms of direct employment, the industry recruits highly skilled and specialized workers, but its impact extends far beyond this. For local and national economies, it has significant multiplier benefits, generating opportunities for a wide range of businesses. This includes various other parts of the manufacturing supply chain, transportation companies, hotels, restaurants and shops. All told, the oil industry alone supports around 70 million jobs worldwide,” he stated.
In this context, Al-Ghais voiced concern over reports of a “‘hiring crisis’ facing the industry, an impending labor shortage, that the younger generation is being ‘put off’ from pursuing a career in the industry, and that fewer petroleum related subjects are being offered at universities.”
He noted that a number of factors could be behind these trends, “including the perception that the industry is not a viable long-term employment option, driven by the misguided view that oil is not part of a sustainable energy future.”
He stressed that the oil industry is spread all over the world, and is found in regions, towns, villages and communities, where it has the main say.
“At OPEC, we have a clear and consistent message on oil industry jobs – the world will need more of them! We foresee oil demand growing to 116 mb/d by 2045 and to meet this, and further evolve technologies to reduce emissions, we will need more workers,” Al-Ghais underlined.
He concluded by saying: “And finally, to all jobseekers – of all generations ̶ I encourage you to consider a career in the oil industry. It is one of boundless opportunities for professional fulfillment, and a vital cog in providing energy to the world.”
