But 20 G$ isn't 100 G$...
And that's just for the IEA countries, if you aren't counting the big fossil fuel players like Russia and OPEC on one hand and also China on the other - what is even the point of these numbers ?
And I see that the biggest US tight oil firms had a deficit of nearly 7 G$ for 2018, so I'd assume that their development costs (which are the majority of their costs due to the very high depletion rate) are even higher - so where does yours "order of magnitude greater" comes from ?
And I see that the biggest US tight oil firms had a deficit of nearly 7 G$ for 2018, so I'd assume that their development costs (which are the majority of their costs due to the very high depletion rate) are even higher - so where does yours "order of magnitude greater" comes from ?
https://www.reuters.com/article/usa-shale-finances/cash-flow...