Crude oil falls below $37 per barrel – a 7 year low

Posted By on December 8, 2015

Warmer forecasts, no production cut by OPEC and inventory surplus is keeping energy prices low and crude oil has moved to seven year lows. The impact is being felt by small leveraged U.S. oil companies who are on the brink of bankrupcy and even creating waves throughout the economy. As I tweeted

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Oil prices fell to their low­est point in seven years Mon­day, ham­mer­ing en­ergy in­dus­try stocks as many in­vestors bet that heav­ily in­debted pro­duc-ers, hav­ing weath­ered months of low com­mod­ity prices, are now at greater risk of go­ing out of busi­ness.
WSJ Link

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.