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

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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