Oct. 8 (Bloomberg) -- BP Plc Chief Executive Officer Tony Hayward said the world needs to spend more than $25 trillion on energy investments through 2030 to help meet rising demand and replace aging infrastructure.
Energy companies need to increase spending to bring online unconventional gas and oil fields such as recent discoveries of so-called shale-gas in the U.S., coal-seam gas beds in Australia and tight-shale formations in the Middle East.
“We’ll need about 45 percent more energy than we use today,” Hayward said today at a conference in Buenos Aires. Increasing supply is “probably the world’s biggest challenge.” just something pulled off bg webb page Lets hope we drill soon to let every body know how much coal gas we have so our share price goes through the roof come on bg
CTP Price at posting:
17.6¢ Sentiment: Hold Disclosure: Not Held
