US shale is a surprisingly unprofitable miracle
Oct 12th, 2013
by John Donovan.
FINANCIAL TIMES
Near outright admissions of error by chief executives, such as Mr Voser’s as quoted in the Financial Times, are far too rare, thanks to the bubbles of sycophancy in which most of them live.
Mr Voser commendably took responsibility in August for a $2.1bn writedown on the value of the company’s US shale assets…
SOURCE FT ARTICLE: By John Dizard: October 11, 2013 7:48 pm
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Posted in: Oil, Peter Voser, Royal Dutch Shell Plc, Shale Gas, Shale Oil, United States.
Tagged: Oil · Peter Voser · Royal Dutch Shell Plc
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