Friday, August 14, 2015

OIL PRICE ROUT NOWHERE NEAR DONE

If crude’s slump back to a six-year low looks bad, it’s even worse when you reflect that summer is supposed to be peak season for oil.  Canadian heavy crude fell to $20 below Texas prices this week, a seven-year low that’s going to make more wells in Alberta too expensive to run.
 
 

No comments:

Post a Comment