Look for gas prices to continue to fall. The Saudis are flooding the markets. Supplying the downward force driving the price per barrel towards $40. At that exchange, shale manufacturing becomes insolvent. If this occurs, profitability from domestic oil production will be eliminated. 70% of job creation since 08 has been on the backs of the energy sector. If this trend of low oil prices continues thousands of jobs would be lost.
Posted on: Sat, 03 Jan 2015 19:48:15 +0000
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