23.09.2014 - High Oil Prices Are No Defense Against Risk Of Stranded Assets
There has been much concern in the financial community recently about the risk of “stranded assets” in the oil industry, particularly if governments introduce strict carbon regulations to fight climate change and therefore reduce demand for oil, which would reduce the price. At the same time, developing new oil wells is becoming more and more expensive. Most of the easy oil has already been discovered and much of it is under the control of national oil companies in countries ranging from Russia to Iran to Venezuela...............................................Full Article: Source
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