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Commodities Briefing - Categorized | Market Moves, Oil more

Five Regions Where Big Oil Is Foolishly Chasing Profits

Posted on 20 August 2014

Big Oil has been very successful at developing sophisticated technology to access oil in some pretty remote areas. Consider the technological skill necessary to drill several miles below the seabed at staggering depths, or the processing equipment needed to transform viscous bitumen into usable fuel – these are impressive feats of engineering and science.
But after years of spending billions of dollars on these challenges, the world’s largest oil companies are running into a serious problem: Many of their projects are not profitable and won’t be anytime soon………………………………………..Full Article: Source


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VRS - who has written 37718 posts on Opalesque Commodities Briefing.


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