Thursday, October 20, 2016

Short Term Thinking Returns To Oil Industry

Peter Tertazkian: With US$60 the new US$90 for oil, long term projects are no longer fashionable

I don't know much about fashion, but I have heard that blue is the new black. And I know that by the time I buy blue, everyone else will be wearing green. In the oil business, modish pundits are now pronouncing, "60 is the new 90," championing the thesis that productivity gains, cost improvements and price…

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