In a speech to the Institute of Petroleum in London in 1999, Dick Cheney, then CEO of oil services company Halliburton, commented:
“By 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from? ... While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world's oil and the lowest cost, is still where the prize ultimately lies.”(5)
To this analysis, he added a note of frustration: “Even though companies are anxious for greater access there, progress continues to be slow”.
http://www.globalpolicy.org/security/oil...
2007-03-03
15:29:09
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2 answers
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michaelsan
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Politics & Government
➔ Politics