Sarah Miller,Energy Intelligence[br]Although the global oil and gas industry may not exactly thrive, it can evidently survive with oil prices around, or even slightly under,$50 per barrel. But can the same be said for the main US and European majors, which must not only find new ways to function but retain the confidence of skeptical investors as they execute so? Despite some laudable improvement in their latest results, and the majors are still struggling to demonstrate convincingly that,at recent oil prices and without heavy reliance on net asset disposals, they can comfortably cover both the investments needed for stability --...
Source: realclearenergy.org