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Continuing political tension. (Industry Trends).(oil industry)
CONTINUING POLITICAL TENSION in the Middle East as well as turbulent times in Venezuela have served to create an unprecedented unpredictability in worldwide oil supplies, according to Global Oil Trends 2003, a study conducted by Cambridge Energy Research Associates in collaboration with Accenture and Sun Microsystems. The study was released to the press Feb. 12 at CERA's annual week-long energy conference in Houston.
"Geopolitical and market uncertainty across the globe have led to a destabilization in the world oil supply network, challenging the industry to explore the prospects for doing business in new and more efficient ways," said CERA Pres. and CEO Joeseph A. …
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