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They failed to discover sufficient oil & gas & huge debts resulted.
In its report, released Tuesday, the agency says there are sufficient oil reserves to meet demand for at least the next 30 years.
"However, we retain sufficient oil and gas experience in the men on our board," he adds.In this section Whither the great wave?
Then, at the end of September, Shell delivered a shocking announcement: it had failed to find sufficient oil in its Chukchi Sea exploration well and was withdrawing from drilling in Alaskan waters "for the foreseeable future".
However, administration officials concede that it is unclear how the oil markets will react to Iranian threats even with the president's latest certification that there is sufficient oil to fill the gap.
A top German national-security official said in an interview that "an independent Kurdistan with sufficient oil would have enormous consequences for Syria, Iran, and Turkey" and would lead to continuing instability in the Middle East no matter what the outcome in Iraq is.
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OPEC countries maintain that there is sufficient crude oil in the United States and that high gasoline prices are a function of crimped domestic refining capacity.
Sufficient crude oil tankage must be available to allow for continuous refinery operation while still allowing for irregular arrival of crude shipments by pipeline or ocean-going tankers.
The biodegradation of 5.0 μm size starts at the same rate of 100 μm size because there is sufficient oil-water interface at the beginning.
Gas can only invade porous media by spontaneous imbibition after sufficient oil-wetting components are available to form a continuous pathway for the nonaqueous phase.
That may not be enough to attract sufficient investment: oil majors are more excited by measurable oil rather than paper profits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com