By Stacy Herbert: I first heard of de Margerie when we made the film Peaked for Aljazeera English. He was the first senior oil executive to mention ‘peak oil,’ which angered many others in the industry.
The last we heard from him, however, was from this July 5, 2014 Bloomberg story we covered:
Total’s de Margerie Sees No Need for Dollars in Oil Purchases
Will post an update when/if
this is confirmed any time soon. At the moment, only RT is reporting
this. I’m assuming they have pretty good connections inside Russia.
It is being confirmed by other sources now, including Bloomberg.
Source
The last we heard from him, however, was from this July 5, 2014 Bloomberg story we covered:
Total’s de Margerie Sees No Need for Dollars in Oil Purchases“Nothing prevents anyone from paying for oil in euros,” de Margerie told journalists at the Cercle des Economistes conference in Aix-en-Provence, France. “The price of a barrel of oil is quoted in dollars. A refinery can take that price and using the euro-dollar exchange rate on any given day, agree to make the payment in euros.”I’m sure it had nothing to do with his death, of course [insert nervous laugh], but here’s the second comment on that Bloomberg article:
The remarks from the head of France’s largest oil company are the latest in a debate sparked by an $8.97 billion fine slapped by the U.S. on French bank BNP Paribas SA (BNP) for transactions carried out in dollars in countries facing American sanctions.
Also someone take a life insurance policy on that guy I have a feeling Langley mercenaries will make someone rich
It is being confirmed by other sources now, including Bloomberg.
Source
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