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Total chief sees return to investment in costly oil sources after 2015 cut

By Laurel Henning ( January 21, 2015, 12:51 GMT | Insight) -- Total’s decision to reduce spending by 10 percent this year is temporary, the French energy giant’s chief executive said today. Gas and oil will remain at the center of the world’s energy mix for at least 20 years, and companies will have to develop efficient technologies to access more capital-intensive resources, Patrick Pouyanné said.Total’s decision to reduce spending by 10 percent this year is temporary, the French energy giant’s chief executive said today. Gas and oil will remain at the center of the world’s energy mix for at least 20 years, and companies will have to develop efficient technologies to access more expensive resources, Patrick Pouyanné said....

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