Demand will keep oil companies drilling in deep waters.

Byline: Siseko Njobeni

Demand will keep oil companies drilling in deep waters Gulf of Mexico spill tests integrity of an industry that opposes the offshore moratorium, writes DESPITE the battering that its image has taken from the deep-water drilling disaster in the Gulf of Mexico, the oil industry is not keen to give up the pursuit of offshore oil resources. In the face of rising oil demand and growing unanimity that the days of so-called easy oil are over, oil companies have pursued the more expensive deep-water drilling with vigour. But the oil spill has put the industry on the back foot, with its integrity put to the test. But speaking at the weekend, Royal Dutch Shell CEO …