There is coming the time, sometime in the next decade, during which our global ability to produce conventional oil on a daily basis will hit a peak. It will probably not be directly recognizable at the time, owing to ongoing improvements driven by technology, economic factors, and a gradual improvement of production of unconventional oils and other sources of energy.
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They worked together very closely for years. The basic day-to-day tools and the basic approach shouldn't change at all.James Halloran
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You're seeing the effects of an electricity pricing mechanism that's tied to the cost of natural gas. Companies that are larger producers from coal and nuclear are getting a higher-than-anticipated benefit.
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Libya has been a fairly easy place for these companies to deal with, and I think they welcome the opportunity to get back and be able to operate there again.
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