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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.

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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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