[Peakoil] Why Oil Companies Should Stop Looking For Oil

[Antony Broughton Barry]

"The world’s seven largest publicly traded oil companies could boost the market value of their assets by a combined $100 billion if they built their businesses around the assumption that the world’s economy will become low-carbon, according to Carbon Tracker’s financial analysis. That would mean they would have to stop spending billions of dollars trying to find new, expensive sources of oil and instead rely on deposits that are easier to reach. "

http://peakoil.com/enviroment/why-oil-companies-should-stop-looking-for-oil

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