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Former Talisman Energy CEO says low oil prices only temporary
Consumers shouldn’t get too comfortable with cheap gasoline, because the planet is running out of oil and prices will go "sky high" — as high as $20 per litre — as petroleum reserves dwindle in the coming years.
That’s the view of Jim Buckee, the British oilman who was CEO of Calgary-based Talisman Energy Inc., one of Canada’s largest energy producers, from 1993 to 2007.
Black oil has peaked," he said in telephone interview this week. "The biggest oilfields in the world have been producing for 50 years and they’re all getting tired."
He says no giant oilfield, capable of replacing those…
16Jan2009 | The Real Deal | 0 comments | Continued
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