September 21 in Paris, Europe, France's No. 3 largest oil company Total's CEO Christophe de Margerie told reporters today said that due to inadequate investment worldwide may face severe shortage of oil supply. As the economic crisis, many oil companies can only try to use fewer investments in the development of new oil reserves.
He said: "If we do not take measures, then the world will be 2 to 3 years to face a serious shortage of oil supplies." He also said he believes oil prices per barrel from the current level of about 70 U.S. dollars once again climbed to more than 100 U.S. dollars a barrel.
Sep. 22, 2009
