Schlumberger CEO Energy Prices to Stay High on Demand

Citing the political weakness of energy conservation efforts, the chief executive officer of Schlumberger Ltd. (SLB) said Monday he saw little in the offing to quell the bullish energy market.

Despite high energy prices, world oil demand rose by 1.3% in 2005, a level made possible by the relatively ineffectual push for energy conservation by consuming nations, said Andrew Gould CEO of the oil services firm.
MarketWatch