Skip to Content

revenu


Oil is still inexpensive, says Big Oil CEO

According to the head of France's Oil Giant company Total, oil is still "too inexpensive." This surprising statement is what Total's CEO Christopher de la Margerie said in an interview for French economy magazine Revenu. Even at more than $130 a barrel, he said that oil is still cheaper than in 1974, once we discount inflation. He continues by saying that if oil was actually too expensive, it would discourage demand in countries like China and other emerging economies (it isn't). He also claimed that, "oil is still a non-expensive source of ... Read more →

No Content Style Defined.

Featured Galleries

  • RWE's Smart Ed
  • Smart Ed
  • Battery electric Volvo C30
  • Aston Martin Cygnet
  • Rinspeed UC?
  • BMW Concept ActiveE
  • Kepler Motion
  • Toyota Prius PHEV
  • Audi A1 teaser
  • Toyota Hybrid Concept Teaser
  • i-MiEV
  • Smart Ed and B-Class F-Cell

Categories

Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum