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March 7, 2012

There's No Shortage of Energy

Jim Polson and Mike Lee, Bloomberg


AP Photo

Total SA (FP) and Petroleos Mexicanos executives said still-untapped global fields and new methods for extracting fuel from shale rock and deep water will help meet demand for oil and natural gas.

Undeveloped fields will produce 1 million barrels a day of oil by 2025, Yves-Louis Darricarrere, president of exploration and production for Paris-based Total, said yesterday on the first of five days of CERAWeek, an annual conference in Houston held by IHS Cambridge Energy Research Associates.

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TAGGED: oil, Fracking

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