A Costly Quest Indeed

Normally articles about big oil spending tons of money wouldn’t surprise me but this stat jumped off the page:

WSJ: Chevron, Exxon Mobil, and Royal Dutch Shell spent more than $120 billion in 2013 to boost their oil and gas output—about the same cost in today’s dollars as putting a man on the moon.  (emphasis mine)

Woah.

bigoilcapex

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