Wednesday, March 20, 2013

The split in the 1% over oil is widening as IBM publishes Chris Nelder

Oil majors are whistling past the graveyard | SmartPlanet: "The world’s “supermajor” independent oil companies — BP, ExxonMobil, Chevron, Royal Dutch Shell, and Total — project a rosy future, assuring us that oil will be abundant for decades to come. But in fact they’re spending record amounts to keep oil flowing, while their production is actually falling."

'via Blog this'