Posted By RichC 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…
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.