Monday, February 11, 2008

Energy: The $22 trillion question

Securing supplies, the boom in Wall Street interest, and what $100 oil means for the economy are all up for discussion at upcoming energy conference.

How safe are our oil supplies? Where will the new supplies come from? Have high oil prices killed the economy? Are speculative investors responsible for the price runup?

These are all central - and contentious - questions in the world of oil. And they're all up for debate as leading members of the oil and energy industry gather in Houston, Texas for Cambridge Energy Research Associates' (CERA) annual energy conference.

Executives from ExxonMobil (XOM, Fortune 500), Chevron (CVX, Fortune 500), ConocoPhillips (COP, Fortune 500), Citigroup (C, Fortune 500) and Goldman Sachs (GS, Fortune 500), among others, will join United Nations officials, environmentalist, former Federal Reserve chairman Alan Greenspan and a host of other experts for a series of discussions beginning next week.
As the U.S. economy teeters on recession, the impact of $100 oil is being called into question.

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