Oil executives: Costly oil here to stayAt Madrid meeting company heads see no short-term solution to oil prices; Shell chief says time to focus on difficult oil George Jahn Associated Press Writer
Top oil executives and a senior EU official June 30 urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that — even if it does — costly crude is here to stay for years.
The comments to the World Petroleum Congress by EU Energy Commissioner Andris Piebalgs....
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Shell: difficult oil remains
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