[Pil-pc-oceania] CEO of Shell predicts oil squeeze will occur in 7 years

[Nick Ritar]

>From a recent email sent to all shell employees and posted on their website


> *Regardless of which route we choose, the world's current predicament
> limits our room to maneuver. We are experiencing a step-change in the growth
> rate of energy demand due to rising population and economic development. After
> 2015, easily accessible supplies of oil and gas probably will no longer keep
> up with demand.*


Somehow i think he's being overly optimistic.

For the rest of the letter visit shells website
http://www.shell.com/home/content/aboutshell-en/our_strategy/shell_global_scenarios/two_energy_futures/two_energy_futures_25012008.html




-- 
nick ritar

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