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"It just shows how big the shifts are in the industry."
Oil executives normally travel the world to win big contracts - but rarely do government officials travel the other way.
This week in Davos, however, some of the most powerful oil CEOs gathered on the sidelines of the World Economic Forum and were presented with an embarrassment of riches
This week in Davos, however, some of the most powerful oil CEOs gathered on the sidelines of the World Economic Forum and were presented with an embarrassment of riches
The head of BP (BP.L) Bob Dudley drew a simple conclusion: "It just shows how big the shifts are in the industry."
Oil prices peaked at $147 a barrel in 2008 amid growing fears that the world was running out of oil. Five years on, oil is considered plentiful thanks to the U.S. shale oil revolution and the discovery of massive oil and gas fields elsewhere.
Oil prices peaked at $147 a barrel in 2008 amid growing fears that the world was running out of oil. Five years on, oil is considered plentiful thanks to the U.S. shale oil revolution and the discovery of massive oil and gas fields elsewhere.
Things have changed and changed big time. Even the EU ...
http://wedg.millenniumweekend.org/fo...light=fracking