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$40 oil 'should happen': GE chief

THERE is no reason why oil and gas projects cannot be viable at $40 a barrel, according to GE chairman and chief executive Jeff Immelt, a six foot four former gridiron player who has had quite a baptism of fire since taking the reigns at the company.

Noel Dyson

And here Immelt is talking about oil and gas projects at $US40 a barrel - not hiding behind the Australian dollar exchange rate as some other companies have been of late. He said the resources sector...

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