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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (68025)	11/16/2010 10:35:44 AM
From: elmatador	Respond to of 217764

Only 10-15% of Petrobras total hydrocarbon production comes from gas, in stark contrast to other publicly traded energy companies, Barbassa said. More than one third of BP's production is made up of gas, while Shell is planning to produce more gas than crude by 2012. Fatih Birol, the chief economist of the International Energy Agency (IEA), last week said that "Big Oil" was suffering an "identity crisis" because companies found themselves shut out of oil producing regions such as the Middle East, forcing them to reposition themselves as gas producers. Barbassa said: "You are not going to find another company which has the same potential as Petrobras anywhere in the world. Most large companies are producing 40% or more of gas. It's a different kind of energy in terms of price and ability to trade." guardian.co.uk