Another shot in the gut for Big Oil

in #oil7 years ago

https://www.wsj.com/articles/electricity-prices-plummet-as-gas-wind-gain-traction-and-demand-stalls-1512043200

Gas and wind prices fall and oil goes into a stall in the market. Any wonder why Saudi Arabia is trying to shift their economy around when you realize the coming storm for big oil profits. Just remember once you can't sell it for it more than $35 a barrel investors start losing money on Oil. its cost that much just to get it out of the ground with labor and insurance cost.

have a great day!