Petroleum industry opportunities persist despite downturn

Anne Rhodes Associate Managing Editor-News Contrary to the opinion of some observers outside the industry, petroleum does have a future, and that future is full of opportunities and challenges. So said several speakers at Cambridge Energy Research Associates' annual CERAWeek conference, held last month in Houston. Despite the current downturn, many in the industry remain optimistic about opportunities for growth and profit in oil and gas. One reason for this optimism is increasing access to reserves in areas that were formerly off-limits to private firms. Another is technology. Nevertheless, it is a universally accepted fact of life in the increasingly globa...

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