Our View

Too Big to Succeed (World Energy Opinion)

The multinational oil company experiment, begun with high hopes in 1998, has failed. By one measure, the eight "supermajors" created through mergers now need to write off almost $1 trillion in assets--half their net worth. (See Dr. Verleger's EIG World Energy Opinion piece.)

PKVerleger LLC Weekly US Crude Production Estimate

US crude oil production averaged 11.818 million barrels per day for the week ending January 15, up from 11.175 million barrels per day for the previous week. (Note: Data release delayed two days due to Martin Luther King Day and inauguration.)

Too Big to Succeed: The Failure of the Multinational Oil Company Experiment -- See "Our View" above or click the link here for more.

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