03.05.2016 - BP Says Oil Price Not Lower Forever
Oil prices will eventually rebound, BP’s Upstream Chief Executive Bernard Looney told attendees during a presentation at the Offshore Technology Conference in Houston. “Is it lower for longer or lower forever? At BP we don’t think it’s lower forever,” Looney assured oil and gas industry delegates during the first day of the global conference. “You hear people questioning the future of oil and gas … The world needs this industry; half the world still lives in poverty…these people deserve the same opportunities we take for granted and oil and gas has [the potential to deliver that],” he added...............................................Full Article: Source
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