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![The Budget 2017/18 assumes a Tapis oil price of $55/barrel. However, at such low oil prices, oil companies can’t make sufficient investments to offset decline in existing oil fields. Therefore, […]](https://crudeoilpeak.info/wp-content/uploads/Australian_taxation_revenue_budget_2017-18-115x115.jpg "Australian Budget 2017-18 ignores IEA oil price warning")
Australian Budget 2017-18 ignores IEA oil price warning
Posted on May 25, 2017 | No CommentsThe Budget 2017/18 assumes a Tapis oil price of $55/barrel. However, at such low oil prices, oil companies can’t make sufficient investments to offset decline in existing oil fields. Therefore, […]