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
No comments:
Post a Comment