| Oil & Money Conference - What the CEOs and VPs are Saying |
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 On October 20-21, the 30th Oil & Money Conference, convened in London by Energy Intelligence and the International Herald Tribune, attracted roughly 500 attendees, many from the industry press (most of them working for the conveners). Held under tight security at the opulent Intercontinental Hotel, a half-dozen oil ministers past and present plus two dozen CEOs and VPs of oil producing, service companies and other industry players shared their views.
No statements were as ground-breaking as the O&M conference two years ago, when the Wall Street Journal and others covered stark warnings by Total’s CEO Christophe de Margerie, Libya’s oil minister Shokri Ghanem and former Saudi Aramco VP Sadad al Husseini that world oil production was going to undershoot demand in the foreseeable future. But all three were present again, and all three echoed their previously-stated concerns, especially in light of the late-2008/2009 downturn in investment by a growing number of players outside of the super-major investor-owned oil companies. In fact, the majority opinion was a warning about the looming impacts of climate change decisions and project investments on prices and supplies over the next few years. A few comments from key presenters:
Energy Bulletin
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Posted on Monday, November 02 @ 12:47:34 PST by Leanan |
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