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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Jan 8 4:00 PM EST

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From: Haim R. Branisteanu	6/7/2009 5:42:59 PM
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BP Says Oil May Hit $200 Without Investment Dow Jones Newswires ST. PETERSBURG, Russia -- The price of oil may hit $150 or $200 a barrel by the middle of the next decade if oil companies don't invest enough, Tony Hayward, chief executive of BP PLC (BP) said Friday. "The future is not canceled" by the global economic crisis, he said. "We need to invest for the future." Speaking at an economic forum in St. Petersburg, Hayward said the outlook that global demand for oil will stagnate "is not realistic." He said while demand for oil in members of the Organization for Economic Cooperation and Development will be flat or even down in the long run, demand in non-OECD countries will definitely rise. ---By Alexander Kolyandr, Dow Jones Newswires; +7 495 937 8445; alexander.kolyandr@dowjones.com

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