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Mark Fulton and Reid Capalino
Trillion-dollar question: Is Big Oil over-investing in high-cost projects?
Over the next decade, private-sector companies may invest over $1 trillion to develop new sources of high-cost oil production. Investors in oil producers need to ask: how rigorously do these companies stress-test new projects against scenarios of declining oil demand and diminished oil prices?
Mark Fulton and Reid Capalino
May 21, 2014
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