Saturday, April 05, 2008

Oil Company Exploring More Utility Power Production?

Contrary to Exxon's perspective, Christophe de Margerie (CEO of Europe's largest oil company, Total) concludes that demand for oil is outstripping supply (the root cause of price increases, not "greedy oil execs").

"Perhaps the best measure of Mr de Margerie's gloomy outlook for the oil industry is his eagerness to get Total into nuclear power." Why would an oil exec look to do this?"

Maybe... electric vehicles?


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