Wits Business School Distinguished Lecture BP part 1

Wits Business School and BP Plc cordially invite you to a Distinguished Lecture Series discussion on the "Oil Market Outlook � 2010 and Beyond" by Christof Ruehl, Group Chief Economist and Vice President of BP Plc where he manages the company's global Economics Team.

Meeting the demands of evolving energy needs has become a daily trial for governments and energy providers the world over.

BP, as one of the world's largest energy companies, endeavours to inform and engage on global energy issues in order to move forward and meet the supply needs of an ever changing world. Demand is changing as countries' industrial and consumer needs develop, meanwhile sources of supply evolve. Nation states continue to face the challenge of balancing security and independence of supply against increasing costs and environmental concerns.

As new regulation comes into place to combat harmful emissions and safeguard the environment; public and private enterprises are duty bound to respond. Likewise, governments continue to be responsible for sourcing and developing secure energy supplies to ensure continued development.

These issues continue to be front of mind for all nations, not least South Africa which confronts many of the economic, industrial and social challenges facing developing countries.

"The world has enough proved reserves of oil, natural gas and coal to meet the world's needs for decades to come. The challenges the world faces in growing supplies to meet future demand are not below ground. They are above ground. They are human, not geological."

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