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BullNBear52

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BullNBear52

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Saturday, 10/29/2016 8:09:38 AM

Saturday, October 29, 2016 8:09:38 AM

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Exxon Concedes It May Need to Declare Lower Value for Oil in Ground
By CLIFFORD KRAUSS
The company may have to concede that 3.6 billion barrels of oil-sand reserves and a billion barrels of other reserves are currently not profitable to produce.

http://www.nytimes.com/2016/10/29/business/energy-environment/exxon-concedes-it-may-need-to-declare-lower-value-for-oil-in-ground.html?ref=business

As Thoreau wrote, “The question is not what you look at, but what you see.”

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