Shell Changes Course on Oil Production Cut Promises
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Peak Oil will be very kind to Shell.
The British oil and gas giant announced on Wednesday that it's going to keep oil production steady this decade after all. That marks a gear-change from two years ago, when the company said it would cut oil production by 1-2% every year until 2030 -- although Shell did some incredible logical acrobatics to argue otherwise. This comes just as the International Energy Agency announced a prediction that peak oil demand is now in sight.
Source Fool.com
Royal Dutch Shell B Stock
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