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Oil majors near inflection point as spending rises : Comments
By Nicholas Cunningham, published 1/2/2019The oil market downturn that began in 2014 led to steep cost deflation, with falling costs for services, equipment and labor. But those cost reductions appear to have bottomed out.
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Australia has just experienced its hottest January on record and during a waning phase of the sun when almost the opposite ought to be the norm. Even as Chicago is experiencing colder temperatures than Antartica.
These "senior executives" have just too much skin in their game and therefore seek through rumour spreading and quite blatant collusion and production limitations to force the "market" to bear to the maximum! And just plain dumb, given the aforementioned, reported climate change induced extremes!
Alan B.