BP's Hayward: Growing economies demanding more energy

Nov 25, 2009
Curtis Williams
OGJ Correspondent

PORT OF SPAIN, Nov. 25 -- BP PLC Chief Executive Officer Tony Hayward
says more money needs to be spent on exploration and development if
the world is to meet increasing demand for energy.

Speaking at a news conference in Trinidad, Hayward said BP was
projecting that by 2030 the world will need at least 45% more energy
than it consumes now.

Hayward said this increase demand will be driven mainly by the world’s
emerging economies.

“Hundreds of millions of people, driven mainly by India’s and China’s
development, are making the journey from a rural to an urban way of
life, and that journey brings with it an explosion in demand for
energy,” Hayward said.

To meet this increase in demand, BP projects it will require an
investment of $25-30 trillion, or and average of “more than $1
trillion/year for the next 20 years.”

Hayward said is not happening at the moment because the world economic
crisis has led to a reduction in companies’ ability to invest in
exploration.

Hayward said to face the challenges of energy security and climate
change there will also be a need for a more diverse energy mix.

“What has become very clear is that there are no magic bullets, nor is
there going to be a ‘one-size fits all’ solution: each country will
have to define its own pathway, based on its natural competitive
advantage,” he said.

Focus on gas
Hayward said natural gas is becoming increasingly important in dealing
with the energy and environmental challenges facing the world and as
the developing economies continue to expand, demand for power is set
to grow exponentially.

“We believe the best way of meeting this demand growth, while lowering
carbon emissions, is through a switch from coal to gas.”

Renewable energy will eventually be important but it will take several
decades to become a significant part of the power generation mix. Very
long lead times apply to nuclear power as well.

“In the short term, the main choice for expanding generation capacity
is between coal and gas. And until clean coal technology has been
developed for use at scale—which is still some ways off—gas should be
the clear choice,” he said.

Hayward added, “[Gas] generates half the carbon emissions of coal. It
is abundantly available—even more so than we thought just a few years
ago thanks to the unlocking of significant reserves of unconventional
gas in North America. And as LNG it is traded in increasingly open
markets around the world.”

A fundamental part of the world’s energy future, Hayward argued, must
be gas. After all, he said, it is the fuel that offers the greatest
potential to provide the largest carbon reductions—at the lowest cost—
and all that by using technology that’s available today.

Hayward admitted though that clean coal technology will have to be
improved and coal will return as part of the sustainable energy mix.

A closer look at BP
OK, so you think Ben Bernanke is going to print money until we all
drown in a sea of inflation, do you? I don't blame you. But rather
than jump on everyone's favorite inflation hedge, gold (the same
people saying gold can go nowhere but up rely on the same stretched,
fanatical, arguments used to justify housing's endless potential in
2005), may I suggest another commodity that can hold its purchasing
power, provides actual utility to the economy, and spew off huge
dividends? I'm talking oil, and the company in focus is BP.

Not only does BP look cheap on an absolute basis, but comparatively so
next to some of its Big Oil buddies, at about nine times forward
earnings compared to, say, ExxonMobil  (NYSE: XOM) at nearly 13. The
big bright spot here is its 5.8% dividend, which trounces just about
anything you'll find among peers. As CAPS member arizonalawdog wrote
earlier this summer (when the dividend yield was slightly higher),
"How can you beat a great run company, a 7% dividend, and growth
prospects as oil runs out and demand eventually increases?"

Sell guys, get in back at $66

HOW WILL BE THE GOLD, FINANCE, OIL SECTOR  MOVE?
NON CONSUMABLES ITEM GOLD HAS MADE BUBBLE, GOLD CORP / BARRIC GOLD
HAVE THEIR PICK BUBBLE, HISTORY SAYS GOLD WILL BE ON HEAVY SELLING
ONCE
THE RECOVERY IS FAST TRACK, CHECK GRAPH BEFORE THREE YEARS.
CANADIAN HOUSING MARKET HAS MADE REAL ESTATE BUBBLE WITH UNBELIEVABLE
PRICE AND RECORD SELL OF NEW HOUSES DUE TO LOW INTREST, GREAT DANGER
OF INTREST TO GO UP UNEXPECTED LEVEL. ALL CALCULATIONS WILL GO WRONG.
CANADIAN BANKS ARE SITTING ON BIG BUBBLE; CANADIAN TSX TRADING
REMAINS VERY THIN SINCE ONE-YEAR PUTTING CANADA IN DANGER AND GREAT
DEFICIT.
DO TSX OPERATER PULLING BANK STOCKS ARTIFICIALLY?
ENERGY STOCKS ARE STANDSTILL ON TSX EVEN AT $ 80 BARREL CRUDE PRICE,
STOCKS ARE NOT TRADING AND RANGE BOUND WITH OVERSOLD POSITION. OIL
GIANTS HAS CUT THE PRODUCTION CAPACITY, WHICH INCREASES THE DEMAND OF
FASTEST CONSUMABLE COMMODITY.
ASIAN MARKETS WILL BE HIGHLY VOLATILE WITH IN SIX MONTHS FOR FAST
PACE ECONOMIC GROWTH.
READY TO GO CANADIAN OIL SAND PROJECTS ( OPTI CANADA HOT FAVORITE)
ARE
ANY TIME TAKEOVER OR EATEN UP BY MAJOR EUROPEAN, US OR MIDDLE EAST
OIL
GIANTS. ASIAN OIL GIANTS
ARE ALSO IN HUNT.

BRONCO ENERGY HIGHEST SHORTED FROM $ 18 TO $0.50, READY TO TAKE OVER
BY OIL GIANTS. ISSUED SECURE NOTE UP TO 2011 END. DRILLING OIL AT
LOWEST COST.

just released XOM analysis http://bit.ly/4Evxaf

<http://kashstockprofits.web.officelive.com>
KASC Investments published trading secrets

Its seems like BIG MONEY is adding positions in FUNDAMENTALLY STRONG
stocks for possible end of year rally. XOM being one of them.

On Nov 17, 5:33 pm, inndy <in...@live.com> wrote:

just found this article... http://www.pearl-invest.net/hot-deals-of-the-financial-crisis/

Turn Your $1,000 Into Over 2 Million Dollars With Their Help  at
http://www.stocksmastermind.com

So far this week has been generous with our commodity ETFs moving
higher, other than natural gas which is clearly in a bear market. Each
of the commodity ETF trading charts below is at a different stage and
it will be interesting to see how things unfold in the coming
weeks..... > http://tinyurl.com/yzhxbdg

An Eco-Friendly WORLD is a DREAM of all and ECO Blu Products ECOB is
one such stepping stone towards it.  www.EcoBluProducts.com

ECOB  Products; a fully integrated chemical coating plant located in
Southern California and Northeast Texas, poised to impact housing
industry on many levels.

ECOB aims at preventing rot, mildew, fungus, termite infestation,
along with effective fire retardant. Coated wood lasts Lifelong;
increases sustainability of forests.

Estimated Market demand for treated lumber is $11 Billion by 2010.
Demand for lumber and engineering wood products is expected to be $18
Billion.

The management team made up to Founder Steve Conboy and EVP Mark
Vuzzo, having more than 30 years of experience each; and the Advisory
team consisting of Ken McClelland- president of McClelland
Organization. The ECoBlu seems to be in have a great leaders.

ECO Blu is superbly positioned to take advantage in this rapidly
increasing eco friendly and Green market.

ECOB  have an estimated growth of about $6 billion within 3 years.
This would represent a gain of over 200% from current level.

The wood chemical market enjoyed $2 Billion in revenues in 2007, ones
the global financial market recovers the revenues are expected to
exceed the numbers.

Partnership with Lowe’s had enabled EcoBlu to implement new strategies
and boost contractor sales.

EcoBlu have established Nationwide Sales and Marketing of coatings
chemistry in South America, Caribbean, Africa and Asia.

A Three year plan of ECOB calls for direct selling of chemicals
coatings to mills, EWP manufacturers and independent coaters

SULPHCO INC(AMEX: SUF) June 2010, new regulations take effect trans-
mix processors to satisfy ultra-low sulfur diesel specifications.

Beginning in June 2010, new regulations take effect which will require
trans-mix processors to satisfy ultra-low sulfur diesel
specifications. Upon achievement of agreed upon technical requirements
to produce ultra-low sulfur diesel, SulphCo and Golden Gate intend to
enter into a commercial arrangement for the installation and operation
of a SulphCo Sonocracking unit at Golden Gate's facilities.

reuters.com/finance/stocks/keyDevelopments?
rpc=66&symbol=SUF&timestamp=20090915102000

"Reversals" is an iPhone app for swing traders and short term
investors
- daily stock picks for reversal stocks
- in the top 50 itunes finance apps
- selected as the most interesting app by iusethis.com

MASS Petroleum (OTCBB: MASP) Announces historical $403 million dollar
acquisition in the Western Canadian Basin which includes existing
production and undeveloped lands in the oil rich provinces of Alberta
and Saskatchewan, which also includes the Girouxville area of
northwestern Alberta.

www.masspetroleum.com
www.pinksheets.com

On Nov 17, 11:21 am, Jeremy Borey <jbo...@gmail.com> wrote:

MASS Petroleum (OTCBB: MASP) Announces historical $403 million dollar
acquisition in the Western Canadian Basin which includes existing
production and undeveloped lands in the oil rich provinces of Alberta
and Saskatchewan, which also includes the Girouxville area of
northwestern Alberta.

www.masspetroleum.com
www.pinksheets.com

On Nov 17, 8:50 am, per <per.stenv...@gmail.com> wrote: