Speech by OPEC Secretary General, HE Abdalla Salem
El-Badri, to the 4th OPEC International Seminar, Hofburg Palace, Vienna, Austria, 18 March 2009
Thank you Mr Chairman.
Excellencies, ladies and gentlemen,
In looking at the theme of this session – “Mapping the Future Energy Scene” – I feel it is important to begin with what has today become the world’s overriding concern: the global financial and economic crisis.
It is clear that its implications have moved far beyond the countries where the crisis originated. And of course for the oil market, there are ever more worries about the impact the crisis may have on the medium- to long-term outlook.
We need to appreciate that mapping the energy future means linking the short-, medium- and long-terms; they cannot be treated in isolation. And in this regard, we need to learn from the past and ask ourselves, how have previous crises impacted the industry?
See full Speech transcript.
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