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Article: VOA NEWS: STUDY CALLS FOR MORE INVESTMENT BY STATE OIL COMPANIES

Article from:
US Fed News Service, Including US State News
Article date:
March 12, 2007
Copyright

The Voice of America issued the following story:

By Greg Flakus A new study of state-owned oil companies says these so-called National Oil Companies, or NOCs, control most of the world's known energy reserves and hold the key to any increased energy production in the years ahead. The study was released in Houston, Texas at a conference held at James A Baker III Institute for Public Policy at Rice University. VOA's Greg Flakus has more in this report from Houston.

Energy experts attending the conference agreed that National Oil Companies, mostly in the developing world, will be called upon to meet the rapidly rising world demand for energy. Conference organizer Amy Myers Jaffe says global ...

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