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Low prices: Shale will suffer more than traditional oil
[ARABNEWS] The recent decline in oil prices casts further doubts on the shale oil hype. Last summer the Energy Information Administration (EIA, a branch of the US government) published a compilation of data on cash flow generated by major oil companies. It showed how flat oil prices had translated into a flat flow of cash coming from operation. The problem came from the expenditures side, which were much higher than the cash generated, around $110 billion for the fiscal year ending in March 2014. Posted by: Fred 2014-11-03 |
| http://www.rantburg.com/poparticle.php?ID=403376 |