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Tag Archives: oil extraction
Beginning of the End? Oil Companies Cut Back on Spending
Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits squeezed, and have recently announced plans to … Continue reading →
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Tagged call on OPEC, oil extraction, oil investment, Steven Kopits
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