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Page added on November 30, 2005

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BP’s Browne Sees Energy Prices Stabilizing and Even Falling Long Term

World energy demand will continue to grow, but new oil and natural gas discoveries ramping up across the globe will likely lead to stabilized prices and perhaps even a dip in the long term, the CEO of BP plc said Tuesday.

he said, but added there remained plenty of new opportunities for exploration and production, pointing to recently discovered oil and gas deposits in the Caspian Sea, Angola, Russia and “here in the U.S. from the deepwater of the Gulf of Mexico,” he added.
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