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Vol. 13, No. 27 Week of July 06, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


Oil executives: Costly oil here to stay

At 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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