It's getting increasingly difficult for Big Oil to move the needle on recoverable reserves, and the quest to discover the next giant oilfield has become outrageously expensive. For example, ExxonMobil (NYSE:XOM) is committed to spending $37 billion a year for the next three years. In this video, contributor Aimee Duffy talks to Tyler Crowe about how this trend will lead to greater industry consolidation and analyzes what makes a good takeover target for Big Oil.

Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. For more energy information, follow them on Twitter, @TMFDuffy and @TylerCroweFool.

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