Today’s oil discovery sizes not seen since 1960

The slide flashed up, on two screens, in a hall of over a thousand conference attendees. No one gasped, even though oil prices were already showing signs of erosion a couple of weeks ago. The data seemed matter-of-fact to an oil and gas crowd that has been desensitized to drilling frenzies and gusher wells that are enough to make John Wayne smile in his grave.

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