25 Sep '16, 2pm

Oil Investment Crash Could Continue For Another Year: Investment in upstream operations in the oil

rockman on Sun, 25th Sep 2016 10:59 am A very incorrect title. There has not been a crash in oil investments. There has been a crash in oil drilling investments. There have been, is currently and will continue to be huge investments in oil acquisitions. Already tens of $BILLIONS…perhaps well over. $100 $BILLION. We may be looking at the largest transfer of fossil fuel wealth in the history of the industry. Yes: $billions in stock values lost, $billions in loans lost and $billions in drilling investments lost. But all that money wasn’t “lost”…it was transferred from Party A to Party B. Just as $billions aren’t lost yearly by gambling…it is just relocated. LOL. IOW those hundreds of billions of dollar bills were not pushed into a big pile and set on fire. Just as the billions of bbls of oil reserves developed in the last decade have not disappeared. Yes: not as much being de...

Full article: http://peakoil.com/production/oil-investment-crash-could-...

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