Large Oil Spills - the Gordian Knot for the Risk Taker?
Research Paper
November 7, 2012
Preview
Despite global economic decline, oil prices have remained at a historically high level of roughly USD 100 per barrel , which has supported the economics of many unconventional petroleum projects. However, environmental liabilities and on-going operating costs in projects requiring assumption of greater operational leverage continue to grow, exemplified by clean-ups of marine hydrocarbon spills, water treatment costs in hydraulic fracturing, and tailings remediation in oil sands projects.
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