The Oil Drum | DrumBeat: April 20, 2008

187 comments on DrumBeat: April 20, 2008

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Dragonfly41 on April 20, 2008 - 9:25am

Interesting stories and sound bites coming out of the "Energy Forum" going on in Rome. There seems to be a lot of producer nations blaming consuming nations and vice versa for the current oil price predicament.

Also, some perceived frankness coming from OPEC members.

Something to watch in the next several days for sure.

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Dragonfly41 on April 20, 2008 - 9:35am

I think energy producers will remain in the driver's seat long after the Rome forum...

Energy producers in driving seat at Rome talks

http://www.reuters.com/article/GCA-Oil/idUSL20434820080420

"The relative positions of international energy companies and national energy companies are changing -- and not in our favour," Paolo Scaroni, chief executive of Italian oil and gas company Eni said in a speech at the opening of the International Energy Forum (IEF).

OPEC member Venezuela, under President Hugo Chavez, has spearheaded a global trend towards resource-holders seeking to maximise their returns from their energy wealth.

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187 comments on DrumBeat: April 20, 2008

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