Oil is trading at $117 per barrel of Brent crude. It is reliably reported that capacity utilisation in the oil industry stands at over 99% and furthermore that stocks have been run down to half in the previous 6 months (Barclays commodities).
It is always useful to review options when new evidence presents itself. This is particularly true in energy where the commercial options are so few.
I read that Ernst & Young have brought out a carbon capture attractiveness storage index. I am surprised that a firm of its eminence (they are the auditors to Mainstream Renewable Power) would dignify carbon capture and storage with an “attractiveness index”.
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