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Technology may help combat volatile oil prices, study suggests. (NewsWell).(Brief Article)(Industry Overview)(Statistical Data Included)
Publication: Oil and Gas Investor Publication Date: 01-FEB-02 Author: Wetuski, Jodi
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COPYRIGHT 2002 Access Intelligence, LLC.
As oil prices become increasingly volatile, the adoption of cost-reducing technology will be the key by which energy companies keep their revenues steady, according to "Global Oil Trends 2002" by Cambridge Energy Research Associates (CERA) and Sun Microsystems.
Oil prices are projected to average $20 a barrel in 2002, compared with approximately $26 in 2001, CERA president Joseph Stanislaw said. Though...
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