
The Oil Industry's Double Whammy of Higher Costs and Lower Prices
Odd Lots
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Innovations and Challenges in Oil Extraction
This chapter explores the advancements in technology within the oil industry, focusing on extraction methods and the evolution of drilling practices over the past two decades. It examines the balance between reducing production costs amid fluctuating oil prices and regulatory challenges, including recent changes that impact efficiency. Additionally, the chapter highlights the growing demand for liquefied natural gas (LNG) and analyzes the implications of its export on domestic natural gas pricing.
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