"Market watchers are announcing the demise of the oil majors. Not for the first time. According to Jilles van den Beukel, former geoscientist with Shell, the oil companies are indeed seeing their world shrinking. But they are not dead yet: their reason for being – the world’s demand for oil and gas – is still there. Financial analysts are worried about high costs, future oil demand and low reserve replacement ratios. " - Peak Oil
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Peak Oil Review – 14 March 2016
By Tom Whipple