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The price drop that's really worrying Big Oil
2015-12-27 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Morning Herald: So oil prices crawled off their 11-year low overnight big whoop. Such gyrations are merely part of the present tussle between supply and demand. There's a more serious problem hanging over the oil price that won't be solved by capping a few wells. Passing remarks in a social setting made to me by a former oil industry CEO and current chairman provided some insight into the growing despair about price: uncertainty about how much of the current plunge is merely the cycle, or something structural....
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Category:Electronics and Electrical