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When will the oil run out? Never!
2015-12-02 13:03:36| Oil IT Journal - www.oilit.com
Editor Neil McNaughton, inspired by BP Group chief economist Spencer Dale, looks to the end of the oil age. Oil and gas is never going to 'run out.' But can shale really act as a price regulating mechanism? Fast ramp up of production requires finance which may not be forthcoming next time around. Rapid decline does not benefit the holders of junk bonds! And then there is COP21...
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Category:Energy and Environment
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