SEC to Schneiderman: Thanks, Guy. We’ll Take It from Here

After months of political grandstanding and embarrassing missteps from New York Attorney General Eric Schneiderman and his allies, the Wall Street Journal reported yesterday that the Securities and Exchange Commission (SEC) is stepping in to take a closer look at how ExxonMobil assesses the value of its proven reserves, a topic that’s gotten a lot of attention across the entire industry in light of the low-commodity price environment in which we find ourselves today.

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