Dubai-Saudi Aramco CEO Khalid al-Falih was quoted August 4 as saying the Macondo oil disaster in the US Gulf would have ramifications for the way the energy industry conducts its business and on the cost of its activities. However, the world will continue to rely on fossil fuels for nearly all the energy it needs for transportation, he told the Oxford Energy Forum in remarks released by stateowned Saudi Aramco on its web site August 4.
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