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There Has Been A Massive Rout In Oil Drillers And We Might Be Nowhere ...

2014-10-15 20:13:11| Oil & Gas - Topix.net

There Has Been A Massive Rout In Oil Drillers And We Might Be Nowhere Near The Bottom On Wednesday, crude fell below $81 a barrel, its lowest level since 2012 and more than 20% lower than it was this past summer when it was trading above $105. There are numerous possible reasons for and repercussions from this decline, but one sector of the market has really been taking it on the chin as crude has tumbled: oil drillers.

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