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Big Oil Is Now Thrifty—but That Comes at a Cost - Wall Street Journal

Wall Street Journal

Big Oil Is Now Thrifty—but That Comes at a Cost
Wall Street Journal
The oil business works like a treadmill. To maintain production levels, companies have to keep approving new projects and finding, or buying new, untapped deposits. In the industry, this is called replacing reserves. To guarantee output growth, firms ...

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