Conference eyes sustainable development

Worldwide energy consumption could rise by 60-80% by 2020, from about 200 million boed today to more than 300 million boed by 2020.This was the prediction presented by Mark Moody-Stuart, chairman of Royal Dutch/Shell, to the Offshore Europe conference in Aberdeen Sept. 7. He added that, at that time, developing countries would account for more than half of the world's energy.Moody-Stuart told delegates the worldwide trends towards tighter environmental controls and sustainable development would affect the energy industry in three main ways: energy markets will become increasingly complex and competitive; energy prices will remain volatile and tend to decline; and society will demand m...

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