Don't look now but the oil market is collapsing (user search)
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  Don't look now but the oil market is collapsing (search mode)
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Author Topic: Don't look now but the oil market is collapsing  (Read 10645 times)
Person Man
Angry_Weasel
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Posts: 36,667
United States


« on: November 30, 2014, 09:36:14 PM »

The good news is that oil is being forced to compete between different regions and different sources of energy. The bad news is that it's competing with these other sources. The silver lining is that it's becoming more expensive to produce and alternatives are becoming cheaper to produce. Maybe this price war coupled with the costs of production will cause reduced profitability before it can reduced competition.
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