Assignment on Critically assess the strategies energy companies can pursue to promote sustainability in the face of peak oil, peak gas, and peak coal.

Critically assess the strategies energy companies can pursue to promote sustainability in the face of peak oil, peak gas, and peak coal. 

There are different strategies which are perused to promote the sustainability in the issue of peak oil. There must be increase in cost while extracting the oil. Different oil companies are working on different strategies which are strictly followed by the organization to gain the sustainability in the market. It could be helpful to gain the valuable services in the market so that the development could be organized in well manner way in the different situation such as peak oil. It also includes to deal with the oil extraction which is used to reduce emission in the air. The strategies are used to reduce the carbon emission in the air which is beneficial for the stakeholders in the market. There is diversification in the strategies which are used in the long term activities in the extraction of oil. Strategic management analysis is used to check the severity of the oil peak issues in the market. There may be system changing for the sustainability to emerge the innovative dilemmas. These strategies could be renewed to check the major focus on the extraction of oil. There may be different strategies which could be adopted by the company explained below with the critical review of the strategies:

Supply chain management:

Company could adopt supply chain management in the supply of oil which prepare a suitable quantity of the supply as there may not excess in the supply and prices could not be increased in the market. But with the same strategy there must be difficulty to handle the supply chain management as there are series of people and agents who are engaged in the process.

Pollution control

There should be proper use of chimneys which could be filter the smoke of factories and oil refineries as to gat peak position in the market there must be more production of oil and it could increase the pollution companies used different methodologies such as balance in production and use of chimneys.

Increase demand

To avoid the level of peak there must be increasing demand of oil which could be possible with the number of vehicles in the country. As it is a good option to increase the demand but there will also be increase in the pollution as the number of increased vehicles also increase the smog in the air.  

These are strategies which could be implemented by the oil companies to avoid the consequences of the oil peak and increase the demand for renewable energy in the market. The strategies are response to the anticipated assuming that it owns a big portion in the market. These strategies are applicable with the help of different companies such as Royal Dutch shell and Total which are considered as main bodies of oil industry working in different companies. The objectives of the developing strategies to change the portfolios which includes the work of oil industry in the slow pace to gain the sustainability in the market. The change in the strategies could be resulted in the different direction of the company. There must be balance in the producing oil and hydrocarbon in the energy production with sustainability. There must be strategy for risk evaluation in the market, so that these strategies could be implemented in smooth way. Personally I recommend to the oil industry that diversified strategies should be used in the issues of peak oil so that it could be easy for the companies to gain the sustainability in the situation of peak. The existing energy investment in the sustaining energy as well as diversification of energy. Both situation requires implementation of the strategies in the company to get competitive advantages (Murphy P. , 2008).

References of PEAK OIL

Almeida, P. D., & Silva., P. D. (2009). The peak of oil production—Timings and market recognition. Energy Policy,, 37(4), 1267-1276.

Chapman, I. (2014). The end of Peak Oil? Why this topic is still relevant despite recent denials. Energy Policy, 64, 93-101.

Murphy, D. J., & Hall., C. A. (2011). Energy return on investment, peak oil, and the end of economic growth. Annals of the New York Academy of Sciences,, 1219(1), 52.

Murphy, P. (2008). Plan C: community survival strategies for peak oil and climate change. New Society Publishers.