“To put that right it's going to take several years of very hard work by the oil industry to renew the production cushion. Activity is increasing but it is not yet at its maximum point.”
“The industry response to the current lack of an oil supply cushion and the long-term need to increase supplies of natural gas is underway, but is still far from reaching a peak,”
“Initial discussions with customers would indicate that the exploration and production spending environment is likely to remain strong and probably significantly strengthen in 2006,”
“(Producers') plans have already been put in place to achieve this, but it will take several years of sustained activity to develop the new production that can reliably replace today's supply.”
“For a long time, we've worked on detecting planets with whatever was at hand, making use of existing small telescopes or even amateur telescopes. It's time to move on to the next stage.”
