Question

Why technology is so important in oil refining industry?

Answer 1

According to Bob Dudley on the BP technology outlook 2018 report, energy resources remain abundant, but vary from region to region. It is less costly to reduce carbon emissions in power than in transport or heat. The report also provides some important new insights such as the potential for growth among electric and self-driving vehicles, the increasing competitiveness of wind and solar power, and the rapidly falling costs of batteries.