There is a clear and understandable global trend for gas. But companies must be ready to expect the unexpected. There are very few things we can be sure about the future of energy industries. Energy industries have always evolved to meet people's changing needs. The oil industry must make preemptive efforts to avoid damaging the environment, using new technology to minimize the threat of climate change and still remain financially viable, he said.
Precautionary action is imperative.
This must be economic. It would be folly to jeopardize unnecessarily the economic development on which higher living standards depend. And I don't believe this is necessary. Responding to these energy shifts will be a decisive challenge for energy companies. The Web Copyright 2000 ABC News Internet Ventures.