Saturday April 18, 2009
'We Have to Save, Save, Save'
Spiegel International
The world could run out of oil in 20 years. This grim scenario is not the prediction of environmentalists, but of Michel Mallet, the general manager of French energy giant Total's German operations. In an interview, Mallet calls for radical reduction of gas consumption and a tax on aviation fuel.
SPIEGEL ONLINE: Total earned profits of close to €14 billion ($18.5 billion) in 2008, a record in French economic history. Aren't you affected by the recession?
Mallet: Yes, we are. Our revenues are closely tied to the oil price, which has fallen. We are experiencing a slight decline at the moment. But we are in better shape than other industries. You can put off buying a car, but you need to fill up on a regular basis.
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