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Is There a Danger That Oil and Gas Runs out of Financing?
In short, it depends, Ed Morse, the Global Head of Commodities Research at Citi, told Rigzone. “Yes, there is a danger, or a risk at least, of a severely diminished ability to privately finance oil and gas projects,” Morse said. “But the impact really depends on the pace of technological change and cost structures for alternative fuels,” he added. “We are mainly looking at two main uses - transportation and power generation; and we are mainly looking at two types of economies - advanced and emerging. And we are looking at an energy transition process that gives rise to high prices at times, domestic and ... (full story)