RPT-COLUMN-High prices result in soaring oil reserves: John Kemp
Posted on June 29, 2012 at 04:25 AM EDT
LONDON, June 28 (Reuters) - For all that Malthusians worry about oil running out, and analysts cite the rising costs of exploration and production, the oil industry has been adding reserves faster than they are being consumed since 2005, as high prices spur an investment boom across the industry.
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