Monday, June 8, 2009

Oil Spike in the Works?

The head of Shell warning today that another spike in oil prices is likely given the lack of sufficient new investment.
Crude oil is set to “spike” without new investments and a price surge is in the making, Royal Dutch Shell Plc Chief Executive Officer Joroen van der Veer said. The global energy industry is facing “severe challenges” and the world needs unconventional energy supplies to meet rising demand... (Bloomberg)
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