Who would be an oil baron these days? Profits are down, the oil price is bouncing depressingly around in the mid-forties, reserves are running dry, and the promised land of tar sands is not looking that promising after all. And the global economy is going down the pan, so demand for your product is likely to be low for a while. But hey there is still lucrative money to be made in the US because of tax incentives and loopholes in the law. But for how much longer? Yesterday, proclaiming

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