Word: saudiaramco
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...only contradiction at the World Petroleum Congress. Although some industry experts have suggested that peak oil is near or at hand, many at the conference insisted that future supplies were adequate. "The question is not whether we are to going to achieve the next trillion barrels," said SaudiAramco's Muhammed Saggaf at a panel dedicated to the subject. "The question is where it's going to come from...
...Which means prices will almost certainly remain high - as will pressure on the industry. As delegates toured the Madrid exhibition hall, where beautiful Venezuelan girls in tight white suits handed out ballpoint pens, and men in business suits drank lemonade at the SaudiAramco "bar," a small crowd gathered at the Qatari booth, made up to look like a Bedouin tent. A band of thobe-clad Qatari musicians emerged, singing and dancing joyfully. The applause was desultory...
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