Description
We face an uncertain economic future with China and India pulling us out of our deepest recession since the 1930s. New technologies are developing rapidly that are enabling alternative energy sources to compete against oil in the transportation sector and continuing to enable lower cost oil production in ever more difficult environments.
Governments around the world continue to expand their role in the energy industry, with Macondo enabling more intense intrusion. Competition amongst independents, integrated oil companies, national oil companies, and service companies continues to intensify. Where will this take our industry? Who will be the winners and losers?
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Scott Nyquist is a Director in McKinsey & Company's Houston Office and a leader in McKinsey's Energy Practice. He joined McKinsey in 1984 and worked in McKinsey’s London Office between 1985 and 1998. While in London, he led McKinsey’s European Petroleum Practice. Since arriving in Houston, Scott has led McKinsey’s Americas Petroleum and Texas Energy Practices, as well as co-led McKinsey’s global Energy and Materials Sector. He now co-leads McKinsey’s Sustainability and Resource Productivity Practice.