VOL. XLV
No 27
8-July-2002
SUPPLY/DEMAND
Strong Oil Price, New TechnologyOpening Massive Heavy Oil Reserves For Development
Therecent strength and stability of crude oil prices and advances in technologyhave raised the prospect of a major expansion of production of non-conventionaloil resources. According to the International Energy Agency (IEA), there aremassive resources of non-conventional oils, such as extra-heavy crude and oil shales, and the improving viability of these reserves has...
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