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Commodities Briefing - Categorized | Commodity Crisis, Energy more

Energy industry headed for a bigger crisis

Posted on 21 November 2008

From Arab News: Oil markets are facing a major slump — for a number of reasons — and continue to stream further down. As I write these lines, prices are already in the vicinity of $50 a barrel. Rather than seeking a ceiling, crude markets now appear looking for a floor — somewhere — at respectable levels.

What a transition indeed. And indeed this transformation is not without ramifications, of considerable magnitude, one can easily deduce. Crude markets have entered a phase where, due to low prices, the incentive to invest in the industry is getting less and less….. Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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