(EnergyAsia, February 29, Friday) — The world is heading for a major oil crisis within 10 years as oil producers are not investing to boost production capacities, said John Hess, the chief executive of US oil firm Hess Corp. Oil prices will spike sharply higher. “An oil crisis is coming, and sooner than most people…
MARKETS: CEO of US oil firm warns of oil crisis within a decade
Posted on February 28, 2008 by EnergyAsia