Fossil energy resources - including oil and gas - have been and will continue to be the backbone of the energy system in industrialized economies. Together they account for well over half of fuels supplied to transportation, electric power generation and industrial processes. Technological innovation in these mature and deeply entrenched energy industries has evolved over a long period of time, more incrementally than by spurts. While the government’s role in the innovation of upstream and deep offshore oil and gas technologies is limited, the sheer size of the oil industry implies that public policy can have significant impacts on the entire economy.
The future for the oil and gas industry has changed. For over 100 years the story was one of growth in production to supply a largely Western-driven market, and of competition between private companies for access to reserves. The industry cannot develop its strategies independently of governments. Various studies show increasing and changing intervention by governments, driven by climate change policies and economic and physical security. Government policies are generated by political processes that cannot necessarily be expected to produce coherent or rational results.
Fon Energy's core values are based on our commitment to supply a higher quality grade crude oil to the global economy while introducing renewable energy as a new alternative to natural resources. Global energy growth and development are keys to our technology driven society. FON energy has the potential to become another environmentally friendly, government affiliated entity with ties to renewable resources via new methods of energy production.
There is a significant impact on the physical environment in which Oil companies operate. Taking measures to appropriately manage their environment is therefore important to manage risks that might arise from operations. For instance, most of the costs of closing sites and rehabilitating the environment are already accounted for within a company’s provisions. There is still a risk of provisions proving inadequate, though, which may be because a low discount rate was used, or there was a change in applicable environmental standards. Other environmental concerns include the management of waste, excessive flaring, which leads to lost production and pollution, and spills resulting in lost production and environmental fines.
As Bonny Light Crude Oil (BLCO) is the premiere crude oil product sought after in this industry, FON Energy takes pride in bringing this product to the market. FON Energy is seeking to supply an abundant amount of BLCO to its global partners while helping refineries increase their productivity refining low sulfur crude oil. As a result, FON is able to introduce quality products to a market needing positive publicity and direction.
Marketable items will include:
- Crude Oil
- Renewable Resources
- Refined Products
Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements. The words “may,” “will,” “expect,” “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “project,” “plan,” and similar expressions are intended to identify forward-looking statements. Forward looking statements include but are not limited to statements regarding current and future business plans and potential or anticipated plans. These statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ from the future results, performance or achievements expressed or implied by such forward-looking statements.