In the equation of the Worldwide economy, Talos Energy is merely one of an infinite number of variables. Unlike applied mathematics, this equation cannot be solved or even practically understood by either humans or computers. Humans don’t have access to all of these variables because conditions constantly change. Therefore, without the clear data to input, a computer program can do little more than approximate an eventuality.
For most of its first century, oil production was a volatile but reliable predictor of economic influence worldwide. This fact is primarily because OPEC controlled the majority of crude oil production, therefore, its availability worldwide. Certainly, this resulted in a global monopoly that no outside force had the power to overcome. Untold billions of dollars have been spent and countless lives lost in a vain attempt to merely exist with this situation. Then you begin to encounter the variables of increased crude oil availability.
Throughout the 20th century, oil production technology remained for the most part unchanged. With limited easily accessible resources, the America’s oil production capabilities dwindled. However, when science caught up to the 21st century, the picture began to blur and quickly change. Crude oil resources that were once too costly to access suddenly became economically viable. Indeed, one cannot simply name one factor as the tipping point, however, this element of the equation was at least an important catalyst.
It has long been said that nothing happens in a vacuum, in this case, no adage could be more accurate. Regardless of what many may think, money is not a finite commodity. Control of a necessary commodity directly translates to control of the resulting financial windfall. This concept is easily understood in a small, local infrastructure. However, taking this idea worldwide and factoring in the financial gains, losses, assets, and needs of a vast population the once easy concept becomes an insurmountable equation.
The control of crude oil is but one factor. At present, the world is experiencing the flux of change. The winners and losers will be decided in the decades to come. Talos Energy will be an element of this change, at least this time.
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