Exact(4)
Thus, as one senior gas executive puts it, "only a few firms can play in this game".
"There are few alternatives to buy gas for Europeans," said Massimo Di Odoardo, a senior gas analyst at the energy consulting firm Wood Mackenzie.
"The opportunity is there, but the early exploration efforts have been disappointing," said Stephen O'Rourke, a senior gas supply analyst at the energy consultancy Wood Mackenzie in Edinburgh, who estimates that European shale gas may meet a mere 5 percent of demand within the European Union by 2030.
The world may have 250 years of gas usage at current levels thanks to "unconventional gas" from shale and coal beds, Anne-Sophie Corbeau, senior gas expert at the IEA told BBC News.
Similar(55)
"Also, how much has the Rev. Wright controversy hurt Barack Obama?" CNN's senior gas-bag, Lou Dobbs, said that Sen. Obama's proposal of a gas-bag holiday should make Americans "question his patriotism".
"Frankly, neither of these pipelines make economic sense," said Massimo Di Odoardo, a senior global gas analyst at Wood Mackenzie, an energy consulting firm.
Chih-hung Lee Sr., a senior consulting gas engineer for the company, wrote in a 2006 memorandum that automatic shutoff valves, or A.S.V.'s, "will not provide additional safety to people or prevent property damage".
Fadel Gheit, a senior oil and gas company analyst at Oppenheimer, estimates that BP will eventually face $20 billion in claims and cleanup costs.
"Neither Chevron nor Texaco has a lot of Tengiz-type projects," said Robert D. Plexman, senior oil and gas analyst for CIBC World Markets, referring to Chevron's major project in Kazakhstan.
"The oil picture in Russia now is clear," said Konstantin Reznikov, senior oil and gas analyst at Alfa Bank, a Moscow-based investment bank.
"Lukoil can shave off $100 million here and there, but they'll never catch up with the other guys," said Steven Dashevsky, senior oil and gas analyst at Aton, a Moscow-based brokerage house.
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