From the Times of London:
Peter Sutherland, chairman at BP, the UK energy giant, today rejected an "apocalyptic" prediction by Alexei Miller, deputy chairman of Russia's Gazprom, that the price of oil will reach $250 a barrel.
Mr Sutherland told an audience at the European Policy Centre, the Brussels-based policy think-tank, that there was no problem with oil supplies and dismissed Mr Miller’s forecast that the price will nearly double from the $139 record reached last week.
The BP chairman said: “Personally, I don’t believe in some of the more apocalyptic predictions. I don’t believe we’re in for a spike to $250 as suggested in price per barrel.”>>>MORE
OAO Gazprom, the world's biggest natural-gas company, expects oil prices to reach $250 a barrel in the ``foreseeable future'' as competition for energy resources increases, Chief Executive Officer Alexei Miller said.
``We are witnessing a big jump in the price of hydrocarbons,'' Miller told reporters today in a briefing in Deauville, France....MORE
One of the best lines of all time, quoted in our post "Russia clears way for carbon profits":In the words of Viktor Chernomyrdin, former head of Gazprom:
"We meant to do better, but it came out as always"