Monday, November 19, 2007

Long-Term Oil Gloom Spreads In Houston

Energy Angst: Long-Term Oil Gloom Spreads In Houston

HOUSTON – Saudi Arabia has more oil, Amsterdam more tankers, New York more money, but Houston has the heart of the global oil industry. These days, it is not beating well. Study after study, executive after executive, and analyst after analyst is warning that there are rough times ahead for oil supply.

Here, oil news is analyzed, sorted and shelved. But in 37 years of writing about energy, in boom and bust, I have never found the kind of fatalism that now grips the oil patch.


Click on link above for whole article, well worth reading.

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