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More than $150 billion of oil projects face the axe in 2015

Posted by seumasach on December 6, 2014

5th December, 2014

(Reuters) – Global oil and gas exploration projects worth more than $150 billion (£95.9 billion) are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade.

This entry was posted on December 6, 2014 at 10:18 am and is filed under Ecological and Public Health Crisis. Tagged: End of empire, fracking bubble, stop fracking!. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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