ARCO LEADER ADMITS "Age of Oil' Entering
its Last Days."
2/9/99- Houston, Texas - ARCO Chairman Mike R.
Bowlin says the world is entering "the last days of the Age of Oil: and
urges the energy industry to pay more attention to alternative transportation
fuels, including natural gas. Bowlin said natural gas and renewable fuels will
play decisive roles in the energy mix or the future and that the "global
demand for clean energy - natural gas, renewable, electricity and new energy
technologies - will grow faster than overall demand for energy." To energy
providers, he says, "Embrace the future and recognize the growing demand
for a wide array of fuels, or ignore reality and slowly - but surely - be left
behind." His statements echo those made last year by Texaco's
Cal Start News Notes 9/15/98.