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COPYRIGHT 2006 Hart Publications, Inc.
Three events in early February reminded me of the variety inherent in the global oil patch and the interplay of macro-geopolitical factors that affect players large and small. At NAPE, more than 12,000 people mingled to view some 1,250 booths of drilling prospects, producing assets and capital providers. So many attended the international forum the day before that additional tables had to be set for lunch, where Canadian officials spotlighted their E&P opportunities.
The following week, Cambridge Energy Research Associates marked its 25th CERA Week in Houston with appearances by the head of CNOOC, Saudi oil minister Ali Al-Naimi and other notables. They discussed how to increase oil supply and reduce demand. But alternative fuels began to get more attention as well.
The same...
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