Reuters quoted Mr de Margerie as saying that first-time car owners in emerging countries will seek access to the limited stocks of fuel, pushing the price of oil even higher.
The French company’s CEO also noted that there is a general decline in oilfields and that decision makers need to address the issue of energy access, instead of just concentrating on the environmental problems at hand.
The news source also quoted Mr de Margerie as saying that consumers should be prepared to invest in oil-producing countries and also provide access to producers to invest in western economies.
