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2020

Is Exploring For Oil Still Profitable?

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This year has brought the uncertain future of the energy industry to a head. The novel coronavirus has catalyzed and brought to the surface discussions that have been percolating for years about the global clean energy transition and the end of an era for oil. And the discussion is not just philosophical--it’s fiscal. As Oilprice reported last week, “Big Oil’s Most Profitable Business Is No Longer Oil.”  Supermajor oil companies, especially in Europe, are moving away from oil extraction toward more lucrative pursuits…



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