Archive for the ‘demand’ tag
French oilgigant will not produce more oil
Will the demand on oil keep incresing?
While many expect the consumption of oil and production of the same black energy will increase, said the French oil giant Total CEO that the top is almost reached. It writes the Financial Times.
Unable to become more effective
Christophe de Margerie, Head Total, does not believe that the world will ever be able to extract more than 89 million. barrels of oil a day, a marginal increase from levels around 84 million. barrels today. The background is high production costs and political problems in oil rich countries like Iraq and Iran. read more aboute the Oil company Total here