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Big Q2 drops in oil production at more than 20 major oil companies are startling, even...

Big Q2 drops in oil production at more than 20 major oil companies are startling, even accounting for lost Libyan production, Deutsche Bank says, and are not likely to be offset by unconventional deepwater or shale E&P projects, except at XOM, OXY and MRO. Wall Street will need to ratchet down its estimates, and oil prices could rise to $120/barrel.
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Comments (2)
  • mkang
    , contributor
    Comments (5) | Send Message
     
    dont forget the hurricane season is upon us
    12 Aug 2011, 02:38 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3531) | Send Message
     
    I wonder what program the Department of Energy is working on to solve this problem. Oh, I forgot. They haven't come up with a plan since Jimmy Carter.
    12 Aug 2011, 04:46 PM Reply Like
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