Big Oil may be able to cut costs by thinking small

Posted on June 21, 2012 at 15:04 PM EDT

June 21 (Reuters) - Two-thirds of all the oil ever discovered would never have seen the light of day if it were not for enhanced recovery methods, which usually involve injecting steam or carbon dioxide into wells to force up the liquids.

Related Stocks:

Cenovus Energy, Inc. ConocoPhillips Denbury Resources, Inc. General Electric NRG Energy, Inc. Plains Exploration & Production Co.

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