It has been a rising issue for a while.
Several major production projects have been shelved due to rising cost.
While you have to spend money to make money, there is always a limit.
We’ve had a few articles on it before.
Big Oil Spending More, Getting Less in Production
http://www.freerepublic.com/focus/news/3160662/posts
5/27/2014
NOT enough information in the article IMO. WHY are the costs going up? Is it the costs of leases? Is it the costs of Production? What are the costs that are going up? Are they government foisted costs? It’s unclear why.
I understand the profits being down, Worldwide slowdown in oil consumption due recession, but what is/are the basis for the rising costs?