To borrow the words of Christof Ruehl, Group Chief Economist and Vice President of BP, this time around the multinational oil supermajor aimed to “shake-up the crystal ball” by recalibrating some of its old formulas in the bid to provide ... ..., whereby rapid improvements in energy efficiency have set precedent for a much more sluggish demand.
Resurgence of the USA – No Longer a One Way Ticket:
USA is anticipated to produce 101% of its energy needs by 2035, up from a low 69% in ...
If we agree that diamonds, malachite and tantalite are a curse for D.R. Congo, then oil must be the penultimate stained Holy Grail of the entire world. It aids Middle Eastern dictators in their bids to be the last ... ... was dominated by seven oil majors, or the 'seven sisters', who reflected the global power balance – with USA and still Great Britain dominating this list. Today, many of the top Western oil companies draw their roots from these original ...
The 3rd International Conference coincided with a fairly damp economic climate and unstable political atmosphere ... ... foreseeable future the energy sector will experience price turbulence. In regards to oil, official forecasts estimate that global output will stabilize as demand increases;... ... not changed in the last decade. The decision must be well calculated, yet quick, as USA has almost achieved independence from energy imports due to shale which could supply...
