As Oil Prices Predicted To Remain Low, Energy Firms Seek Ways To Adapt

NPR | By Chris Arnold

Published July 28, 2017 at 4:54 PM EDT

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The CEO of Royal Dutch Shell this week said his company is making a striking shift in its thinking: It now expects oil prices to remain low forever. The global oil glut of recent years shows no sign of diminishing. Energy demand has leveled off. And if electric vehicles take off, oil prices could come under even more downward pressure.

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Chris Arnold

Chris Arnold is a correspondent with NPR's investigations team. His stories often focus on people who are being mistreated and need help.

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As Oil Prices Predicted To Remain Low, Energy Firms Seek Ways To Adapt

Support quality journalism, like the story above, with your gift right now.

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with your gift right now.