[lbo-talk] Oil: Caveat Empty

uvj at vsnl.com uvj at vsnl.com
Tue May 24 08:44:06 PDT 2005


Bulletin of Atomic Scientists

Oil: Caveat Empty

By Alfred J. Cavallo | May/June 2005

Without any press conferences, grand announcements, or hyperbolic advertising campaigns, the Exxon Mobil Corporation, one of the world's largest publicly owned petroleum companies, has quietly joined the ranks of those who are predicting an impending plateau in non-OPEC oil production. In five, ten years at best, the demand for oil will exceed the supply.

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