via John Currin (JC ‘s Naval and Military) – Google+ Public Posts
By Serene Cheong, Sharon Cho and Dan Murtaugh (Bloomberg) — Reports of deep-sea drilling’s demise in a world of sub-$100 oil may have been greatly exaggerated, much to OPEC’s dismay. Pumping crude from seabeds thousands of feet below water is turning cheaper as producers streamline operations and prioritize drilling in core wells, according to Wood Mackenzie Ltd. […]
The post Trouble Brews for OPEC as Expensive Deepwater Oil Turns Cheap appeared first on gCaptain.
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