Oil Plunges, Shale Drillers to go Belly-Up
Oppenheimer & Co. senior oil and gas analyst Fadel Gheit neatly summarizes what’s currently going on in energy markets about the 1:40 mark below when he notes: I believe there is an agenda here that Saudi Arabia will not allow oil prices to recover until they take care of marginal producers in shale plays in the [...]
Source: http://timiacono.com/index.php/2016/01/12/oil-plunges-shale-drillers-to-go-belly-up/
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