Quote:
Originally Posted by GGG
That depends on the rate of adoption of cars by the 2nd and 3rd world.
Our existing oil infrastructure is also fairly low capital to maintain and operate relative to shale. So while the writing may be on the wall for mega projects our oil industry will be a low cost producer at current production levels for quite sometime.
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That's great, but lower oil prices leads to less jobs and a shrinking economy. It's not all it none here. Your point was no less true when the oversupply problem hit and out was/is still devastating