Tuesday, December 16, 2014

Goldman Sachs: $1 Trillion in Oil Projects at Risk Because of Falling Oil Price

Goldman has examined 400 oil and gasfields around the world, many of which are still awaiting a final investment decision. Its analysis, based on a $70 oil price, shows that fields representing 2.3m b/d of output by 2020 and awaiting a green light have now become uneconomic, reports FT.

And, that analysis did not cover oil shale projects, which are extremely high cost projects.

1 comment:

  1. They are not worried, their bought and paid for RINOs and democrats are already planning to load the losses onto the taxpayers.... as a matter of fact the banksters are making the process more effeicient:

    Google: Are You Really Ready for the World to be Ruled by Bankers?

    December 14, 2014 by Martin Armstrong

    Believe it or not, Citigroup announced on Friday that it would move its headquarters from New York to the actual U.S. Capitol Building, in Washington, D.C., in early 2015. Yes! They might as well had since they got everything they wanted.. Could you imagine Citi outbid JP Morgan and Goldman Sachs to lease thirty thousand square feet of prime real estate on the floor of the House of Representatives.


    So I expect at some point soon they will just get rid of congress all together.