Total Chief Says World Will Find Oil Target Tough

Times Online – THE world will struggle to raise oil output to levels much greater than 100 million barrels per day, Thierry Desmarest, chief executive of Total, has given warning.

The head of the French energy multinational is sceptical that the global oil industry can raise output from current levels of 85 million bpd to meet demand forecasts by the International Energy Agency of 120 million bpd by 2030…

M Desmarest reckons that Total will produce 7 per cent more barrels in 2007, but he is doubtful about the industry
Times Online