The End of Cheap Oil Must Not Be Confused with the End of Oil,Olivier Appert,Chairman and CEO of IFF,tells AOG

摘要

The problems of reserves and peak oil only arise in the long term,in several decades' time.Our top priority must be to take steps to slow the growth in oil consumption.We have entered a new era in which oil supply is chasing demand once again.OPEC,whose objective is probably to keep prices at around the us50/b mark,retains the means to prevent an appreciable fall in prices.