Watching the World: Oil's new era

ChevronTexaco Corp. CEO David O'Reilly has his finger on the world's oil pulse, noting on Feb. 15 that the era of cheap petroleum is over. "We're seeing the beginnings of a bidding war for Middle Eastern oil between East and West," he said.The coincidence of rising oil demand and the decline in its production by members of the Organization for Economic Cooperation and Development has produced an "inflection point," O'Reilly said.He did not define the meaning of "inflection point" but the same day, Dutch Economics Minister Laurens Jan Brinkhorst had his finger on the same pulse.Following a meeting in Indonesia, Brinkhorst expressed hope that the Organization of Petroleum Ex...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected