Sam Fletcher

For at least the 3 decades and probably beyond”we will need to find and produce even more oil than we do today, a very challenging responsibility for all of us in the petroleum industry,” said Rex W. Tillerson, president of ExxonMobil Corp.

Long-term changes are under way in global energy market that will affect all Americans and the US energy industry of the future, said Rex W. Tillerson, president of ExxonMobil Corp.

Libya is “the central exploration and production buzz for 2005” among international oil companies looking for access to potentially giant oil and gas fields, said energy analyst Catherine Hunter in a report drafted for the World Markets Research Centre, part of the London-based Global Insight group of companies.

Doubts cast on the wisdom of the US/Iraqi administration going for maximum production from Iraqs degraded oil fields.