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Why is there this shift away from their previous strategy

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Energy companies are avoiding expensive engineering projects. Why is there this shift away from their previous strategy of making huge, upfront investments that were paid back over a 20 to 30 year period?

https://www.dropbox.com/s/lwdeaf4dj2lqgr4/oil_firms_now_favor_frugal_bets1.rar?dl=0

Reference no: EM131443744

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