Financial Times FT.com

Politics and easy profits signal global oil crunch

By Sheila McNulty in Houston

Published: May 10 2007 03:00 | Last updated: May 10 2007 03:00

In the oil business, the constant development of new technology has created the adage "good fields just keep getting better and better".

Companies are able to get more out of oil fields than they expected even a decade ago. Yet if they cannot access those fields, the oil within is not going to come to market.

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