Link: ENI CEO says oil is still cheaper than Coca-Cola - Oct. 7, 2006.
"I often say that unfortunately you don't find oil in Switzerland. I cannot choose. Since oil is not in Switzerland but it is in Russia, in Iran and Kazakhstan, we have to be there," he said.
"Then we modulate our presence according to terms and conditions. Terms and conditions that change all the time. But if you are not there, you are out," he said.
That's what Paolo Scaroni,one of the Chief Exec of ENI (Italian Oil giant) answered to the problem of price. It is a good insight to common people who only knows to complain about the Oil price but never to worry about the scarcity of the resource. Oil is war,oil is money, and I can say oil is the that is driving the world of materialist.
It's a complex ind
ustry, a 100 years old one.Just look at this graph.
Numerous account of disastrous events that trigger the oil prices all over the world! We should be relieved we STILL CAN HAVE OIL rather FIGHTING FOR OIL .
