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Arabia
Low prices: Shale will suffer more than traditional oil
2014-11-03
[ARABNEWS] The recent decline in oil prices casts further doubts on the shale oil hype. Last summer the Energy Information Administration (EIA, a branch of the US government) published a compilation of data on cash flow generated by major oil companies.

It showed how flat oil prices had translated into a flat flow of cash coming from operation.

The problem came from the expenditures side, which were much higher than the cash generated, around $110 billion for the fiscal year ending in March 2014.
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