BP boss warns 'era of cheap energy is over'.

From: The Daily Mail (London, England) | Date: June 10, 2008 | Copyright information

BP's chief executive warned high energy prices are here to stay, as theSaudis called for an emergency oil summit.

Tony Hayward told a conference that supplies of oil are not responding'adequately' to rising demand.

'It seems to many of us in the industry the era of cheap energy is over, atleast in the medium ...

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