$FET $GTE Great article from the Financial times: ft.com/content/85afd43a-cb3... Summary: -- only 1/2 the proven reserves exist for oil demands for the next 20 years. -- But most companies have cut exploration budgets by 1/2 or more. -- Global warming activists are pushing hard, but making a small dent on actual consumption. -- Exploration is slow, time-consuming, and risky. If more is not done, in years to com there will be a price shock (but many years from now).
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