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If You're An Oil Worker Who Lives Here, Move!

As crude prices drop back to cycle lows, breaking the back of the stability-meme, we thought a quick reminder of the world's major energy projects that are completely FUBAR given the current prices, record production, and record inventories...

Goldman maps the places "Not To Be"...

 

and here is Citi's massive cost curve expectations for all IOC projects...

click images for large legible version

 

Charts: Goldman Sachs and Citi