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Economist: Western Oil Firms Must 'Innovate Or Die,' Iran Can Produce Oil For $1 A Barrel
Tuesday, December 29, 2015 - 9:45am | 330Anatole Kaletsky, an economist and journalist wrote an op-ed in The Guardian which argued that western oil firms must "innovate or die." According to Kaletsky, western oil companies have already announced investment reductions of around $200 billion throughout 2015 amid low oil prices...