Using Michael Porter's Five Forces framework, analyze the competitive dynamics of the oil gas industry. Discuss the following:

$$ The bargaining power of suppliers, especially in terms of access to natural resources and technology.

$$ The bargaining power of buyers, considering industrial and individual consumption patterns.

$$ The threat of substitutes, including renewable energy and alternative fuels.

$$ The threat of new entrants, focusing on barriers such as capital requirements and regulatory constraints.

$$ The intensity of competitive rivalry among existing players, considering factors like price wars and market share battles."

Discuss Porter's approach to Industry analysis. Conduct Porter's analysis for any industry of your choice.