Shell CEO says technology needed to meet fuel demand

The oil and gas industry must apply new technologies on unprecedented scale and pace to meet the world’s expanding demand for fossil fuels, said Jeroen van der Veer, chief executive of Royal Dutch Shell PLC, at the Cambridge Energy Research Associates annual energy conference in Houston.With continued economic growth, the world’s energy needs could increase by 100 million b/d of crude over the next 25 years-“more than we added over the past quarter century,” Van der Veer said.Most of that increased demand will be in new markets where infrastructure and international trade must be developed. “And this has to go together with cutting carbon dioxide emissions fr...

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