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Rising costs of production threaten energy profits, IEA warns

from The Globe and Mail

Global energy companies will have to adjust their expectations for profits in order to make the investments needed to meet future world energy demand, the International Energy Agency warns. The capital cost of producing a unit of energy – whether oil, natural gas or power – has doubled since 2000, and continues to rise even as prices for key commodities have flattened out, the Paris-based energy group said in a report. more

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