Getting oil from Oil sands and getting oil from the deep oceans - both are expensive.
The projects that started when oil was around $147 will see rough times.
Looks like these projects will have to swallow the bitter pill and get out. With oil at less that $75, there is no bitter pill either. There is no pill.
One small worry - without money, the growth in technology especially deeper drilling will cease for a while.
The projects that started when oil was around $147 will see rough times.
Looks like these projects will have to swallow the bitter pill and get out. With oil at less that $75, there is no bitter pill either. There is no pill.
One small worry - without money, the growth in technology especially deeper drilling will cease for a while.