CERA: Executives assess energy industry risks

In the shadow of the Sept. 11, 2001, terrorist attacks on New York and Washington, DC, "our greatest new risk could be failing to take the old risks essential to earning the rewards of our business and supplying our customers," Peter J. Robertson, vice-chairman of ChevronTexaco Corp., told a conference of energy executives in Houston last week. That includes "risks like doing major capital projects in unsettled regions and within complex partnerships" or "investing with countries that need to develop their resources even as they struggle to achieve internal stability," he said. "If we retreated from these calculated risks, we would indeed see a 'changed world' and probably not a b...

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