Oil industry executives appearing Tuesday at the World Petroleum Congress in Doha, Qatar.
DOHA, Qatar (CNNMoney) — Just three years after fears of an energy supply shortage, executives of the world’s leading oil companies now foresee a bonanza of oil and natural gas on the horizon.
In 2008, concern that a rapidly developing world was eating through all its energy supplies helped push prices to record levels, with oil hitting $147 a barrel and natural gas topping $15 per million cubic feet.