Pages

December 13, 2005

Exxon claims moon is made of green cheese, too

Jamie Spellings, head of ExxonMobil’s corporate planning division, was honest about demand but not supply on a webcast today. Spelling projected world energy demand would go up 60 percent by 2025, but claimed that OPEC members would be able to boost production by 40 percent. Spellings said technology and efficiency savings are already factored in the demand projections.

Do people at Exxon really believe OPEC can ramp it up 40 percent? Are they smoking crack at the same table as the House of Saud?

No comments:

Post a Comment

Your comments are appreciated, as is at least a modicum of politeness.
Comments are moderated, so yours may not appear immediately.
Due to various forms of spamming, comments with professional websites, not your personal website or blog, may be rejected.