Helping America Navigate a New Energy Reality

CEO of Paris-based Total explaining why he isn’t expanding assets in the hot US shale oil market

By on 26 Jun 2017 in quotes with 0 Comments

Shale oil is too expensive. Let’s concentrate on low-cost oil.  Don’t tell me I need to invest in the highest technology barrels because low-cost oil is the answer to volatility and peak oil.”

Patrick Pouyanne, CEO of Paris-based Total, explaining why he isn’t expanding assets in the hot US shale oil market.

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