From The Star – Downturn Crimps Industry Investments


Dateline 2009-06-20:

Given that the demand for energy can only rise and that crude oil will still make up the largest portion of the energy mix of the future, governments and energy companies will have their work cut out for them in satisfying the huge appetite for fuel and power amid growing concerns over sustainability issues.

However, the global economic recession has slowed investments in the oil and gas industry, with double-digit drops in percentage terms in the upstream conventional fuel renewable energy segment  compared to 2008, according to the International Energy Agency (IEA).

Downturn Crimps Industry Investments

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This entry was posted on Thursday, June 25th, 2009 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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