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(Bidness Etc)   Scarce resource making companies rich   ( divider line
    More: Interesting  
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1768 clicks; posted to Business » on 14 Aug 2014 at 12:08 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2014-08-14 11:17:04 AM  
Royal Dutch Shell plc (ADR) (RDS.A), ExxonMobil Corporation (XOM) and BP plc (ADR) (BP) have been following a common trend since the beginning of 2013: divesting assets worldwide. Some of the reasons for this move include decline in production, diminishing refining margins and a sharp drop in net fixed asset turnover.

So you may say their production in some areas of said resource has peaked?
2014-08-14 01:44:26 PM  
Helium, man. That is a scarce resource with no decent substitutes. And once it enters the atmosphere, it is gone.

At least there are other energy sources available when petroleum dwindles...tough break for petrochemical production, though.
2014-08-14 02:12:45 PM  
Rich companies making resources scarce.
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