jump to navigation

World ‘cannot meet oil demand’ April 9, 2006

Posted by tkcollier in Economy & Business, Enviroment.
trackback

World 'cannot meet oil demand' – Markets – Times Online
These quotes are from the probable new head of France's largest oil company.

"Take Qatar. How many projects can you have at the same time? You have more than 100,000 people working on sites. It’s a big city of contractors. Now they have the problem of having to build a new power plant to supply a city of contractors.”

M De Margerie said. The world was confusing the issue of reserves with the scale of the problem in producing those reserves. He said: “The oil reserves are there, that is the good news, but what we can bring on today to meet demand is limited by factors other than what scientists see in a lab or think-tanks.”

Comments»

No comments yet — be the first.

Leave a Reply

%d bloggers like this: