Deloitte: Drillers Face $2 Trillion Funding Gap Next 5 Years

DeloitteConsulting and accounting powerhouse Deloitte has just issued an important new report that sounds the alarm that upstream (i.e. drillers) are not spending enough money to replace proved reserves. Deloitte says there is a “funding gap” of $2 trillion over the next five years! Natural gas is more at threat than oil, because natural gas “reserves shortfall is bigger than oil since the commodity is yet to see its best years of demand growth in the developing world.” The Deloitte report, titled “Short of Capital? Risk of underinvestment in Oil and Gas is amplified by competing cash priorities” is embedded below. An interesting read…

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