OPEC
Upstream Costs – Do They Justify High Oil Price?
By the Centre for Global Energy Studies*
A new study just published by the CGES challenges two myths currently prevalent in the oil industry and investment community. One is that the cost of oil production in the world has reached $100/B. The second is that high oil production costs caused the oil price rise.
The CGES contends that while there has been some increase in oil production...
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