Shell Nederland president sees five-fold rise in oil production costs

Shell Nederland president Rein Willems said that oil production costs may rise five-fold in the near future.

He said that for Shell, the higher costs will mainly be the result of more difficult resource-gathering and refining methods as the company moves to retrieve oil from sources other than the conventional oil wells.

…Stating that ‘there is enough oil to last a hundred years’, Willems added that Shell is more worried about the effect of greenhouse gas emissions.

Forbes