Investment cited as most likely limit to oil supply

Any limitations on worldwide supply of oil until 2030 will be due to a lack of the investments in development, transportation, and refining “in the correct places at the correct time,” said Kenneth J. Chew, vice-president of IHS Energy, Geneva.Chew spoke at a seminar June 28-30 cosponsored by the Organization of Arab Petroleum Exporting Countries (OAPEC) and Institute Français du Pétrole (IFP).The consensus at the conference was that there was no lack of global oil reserves but rather a lack of capacity to increase production through development of reserves.OAPEC reservesAt yearend 2004, the 11 members of OAPEC-Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar,...

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