Big Oil, Massive Future?

Author(s): Matthew Hulbert
Journal Title: European Energy Review
Publisher(s): Castel International Publishers
Publication Year: 2010

Following BP's environmental disaster in the Gulf of Mexico, it wasn't long before the obituary of 'big oil' was drafted. Offshore drilling was a goner, environmental tightening will squeeze the life out of the majors, and lumbering corporate structures can no longer cope in a world of localized and specific operational risks. Big oil R.I.P. It sounds plausible, but it is wrong. If anything, big oil will continue to get bigger thanks to a number of compelling commercial and political reasons on the back of the BP catastrophe.

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