I'm not sure if 21st century data is analogous to 20th century oil. Oil is a scarce commodity that is expended when it's used and can't be replicated. However, data is the antithesis of that. Perhaps IT professionals with data analysis skills are the new oil and data is just the raw dirt and bedrock from which useful information is extracted, assuming an organization can bring sufficient skillets to bear. Of course, some datasets are more rich than others, but still that in itself is not a scarce commodity.

I believe that in the 21st century fresh water may be the new oil.