​Almost US$1 trillion worth of oil projects are zombies says Goldman Sachs

The worldwide oil industry has almost US$1 trillion worth of projects scheduled for 2015 that are unlikely to be profitable.

The worldwide oil industry has almost US$1 trillion worth of projects scheduled for 2015 that are unlikely to be profitable. Excluding the US shale industry Goldman Sachs’ research shows that US$ 930 billion worth of projects would not be profitable with oil at $70 a barrel. 

 

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