Friday, January 30, 2009

Oil Companies on Slippery Slope | By Online Payday Loan Store

Industry braces for carbon regulations

Chevron Corporation

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President Obama isn’t the only world leader talking about energy reform.  Carbon regulations have been growing and changing on a global scale for years. However,  Chevron CEO David O’Reilly is particularly worried about the next five years.

In fact, O’Reilly ranks carbon regulation right up there with swinging oil prices among his list of biggest concerns for the oil sector. In fact, he said it’s possible that carbon will have an even bigger impact on the industry than prices “because it is a virtual unknown.”

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