Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, February 26, 2014

Beginning of the End? Oil Companies Cut Back on Spending

Posted: 26 Feb 2014 09:00 AM PST
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 sell off part of their assets.read morehttp://theenergycollective.com/gail-tverberg/345441/beginning-end-oil-companies-cut-back-spending?utm_source=feedburner&utm_medium=email&utm_campaign=The+Energy+Collective+%28all+posts%29

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