Page added on June 30, 2007
DENVER – The world has plenty of oil left, although China has a growing appetite for all sorts of energy.
That was the message a senior BP economist had at a Thursday presentation sponsored by the Denver Chamber of Commerce.
Mark Finley, head of energy analysis at BP’s London headquarters, walked the group of about 20 through BP’s annual Statistical Review of World Energy , which was released this month.
Drivers might wince at high gas prices, but it’s a sign of a well-functioning oil market, not a crisis, Finley said.
“The world’s not running out of oil,” he said.
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