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Why We Could See an Oil Price Shock in 2016

TIME 47m ago energy The depletion of old oil wells is expected to surpass new sources of supply in 2016, as the ongoing oil price slump puts a long list of oil projects on the shelf. Bloomberg flagged new data

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Posted in business, drilling, economy, finance, fracking, oil, pittsburgh, Uncategorized

‘Historic’ spending cuts putting future oil supply at risk, threatening future spike in prices

Financial Post – Top Stories 34m ago oil-prices An oil shock may be lurking around the corner as the price bust has hammered investment in future supply, according to the International Energy Agency. “Historic” investment cuts taking place now increase the

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Posted in business, drilling, economy, finance, fracking, job cuts, jobs, money, pittsburgh, technology, Uncategorized
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