Rising oil prices are making more extraction methods viable

February 7, 2018, 4:57pm


eTorro

GLOBAL oil markets have historically been prone to epic cycles of boom and bust. Because it generally takes years for a fresh exploration project to yield its first barrels, producers tend to over-invest when prices are high, only to see the value of their output crash once a large number of new fields begin operation.
» MORE RECENT STORIES
Donald Trump is fighting trade wars on several frontsDONALD TRUMP IS FIGHTING TRADE...
AMERICA’S PRESIDENT RECKONS TRADE WARS ARE EASY TO WIN—SO EASY THAT HE HAS STARTED SEVERAL. THIS YEAR DONA...20 Jul
Supply chains based on modern slavery may reach into the West - IN THEORY slavery was completely abolished in 1981, when Mauritania became the...19 Jul
Spending on the fight against AIDS is flat-lining - “THE sinews of war are infinite money.” For a while, Cicero’s aphorism seemed to be u...18 Jul
Violent Islamist groups are gaining strength in Africa - MAIDUGURI, Nigeria’s main north-eastern city, is at the centre of a series of jihadi...17 Jul
Mainstream election-forecasting could be improved by a popular academic approach - UNPRECEDENTED, unbelievable and earthquake: three words used...16 Jul