Take a Long-Term Perspective on the Oil Downturn
By Yann Kostic from the May 2016 Edition The oil industry is experiencing its deepest downturn since the 1990s: the price of a barrel of oil has fallen by more than 70 percent since June 2014, and that’s affecting oil companies. Their earnings are down, so they’re cutting back on exploration and production. Many have gone […]
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