BP CEO Tony Hayward Details Commitment to U.S. Energy Security in the New Era

Tony Hayward, the chief executive of BP, told an audience of industry professionals and community leaders at the Houston Forum today that ‘For the medium term, the era of cheap energy is behind us.’ BP is one of the world’s largest energy companies and Hayward said that although he is no subscriber to the theory that oil supplies have peaked, ‘The hard truth is that the political and technical obstacles to bringing reserves to market become more challenging all the time.’