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FUEL COMMENTS * USA - Exxon sees plenty of oil supplies to meet demand
Houston,TX,USA -MarketWatch, by Jasmina Kelemen -Nov 3, 2006: -- The world is not running out of oil and even with advances in alternative energy, fossil fuels will remain the dominant energy source well into the future, Stephen Pryor, president of Exxon Mobil Refining and Supply Co., said at a conference... "Energy resources are adequate to sustain growth ... We are not peak oil people. However, access to these [resources] will require large investments and governments will have to allow access," said Pryor... The world's largest oil company believes that total global hydrocarbon deposits once stood at three trillion barrels of oil equivalent and that so far only a trillion of those barrels have been consumed. The total amount available rises to 4 trillion once non-conventional supplies, such as oil shale, are taken into account...
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