OTC: Fossil fuels, technology key to future energy supply

05/09/2011
Paula DittrickSenior Staff WriterTechnology development is crucial to enabling the oil and gas industry to meet future world energy demand, speakers said during a May 3 panel discussion at the Offshore Technology Conference in Houston. They also agreed that fossil fuels will remain vital to the global energy supply mix for decades."Looking for any alternative is the right thing to do, but looking at it to replace hydrocarbons is impractical," said Ali Moshiri, president of Chevron Africa & Latin America Exploration & Production Co. He predicted hydrocarbon-based energy will account for half of world supply in 50 years.Zuhair Al-Hussain, Saudi Aramco vice-president of dri...
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