Mar 1 2016, 01:57 AM
QUOTE(langstrasse @ Mar 1 2016, 12:23 AM)
That's OPEX and CAPEX cuts, in one year. Brutal is definitely the right word.
It's hard to find optimistic news right now about the industry. Bloomberg seems to be particularly bearish on oil these days:
http://www.bloomberg.com/features/2016-ev-oil-crisis/
Overall the industry is doing bad and will need to significantly reduce operations cost to survive.It's hard to find optimistic news right now about the industry. Bloomberg seems to be particularly bearish on oil these days:
http://www.bloomberg.com/features/2016-ev-oil-crisis/
But there are sectors within the oil industry which are actually booming.....believe it or not.
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