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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (11369)	10/12/2010 11:21:13 PM
From: Wharf Rat	Read Replies (1) of 24233

IEA Head: Half Of Oil Supply By 2015 To Come From Offshore Output By Reza Amanat Published October 12, 2010 \| Dow Jones Newswires LONDON -(Dow Jones)- Half of the world's oil supplies could come from offshore production by 2015, the head of the International Energy Agency said Tuesday. Offshore production currently provides one third of global oil supply, but this is set to change rapidly in the coming years, Nobuo Tanaka, Executive Director of the International Energy Agency, told reporters on the sidelines of the Oil & Money Conference. But the investigation into BP PLC's (BP) Macondo oil spill could result in regulatory changes which could cause drilling projects to be delayed and erode supply, Tanaka said. (Lananh Nguyen in London contributed to this report.) Copyright © 2010 Dow Jones Newswires foxbusiness.com

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