Friday, November 28, 2014

Bloomberg: OPEC Gusher to Hit Weakest Players, From Wildcatters to Iran

From Bloomberg, Nov 28, 2014, 8:00:03 PM
Dust and rock rises following a controlled explosion of oil shale on the pit floor at Eesti Energia AS's open pit mine in Narva, Estonia, on Nov. 19. 2014. Eesti Energia is one of the world's largest oil shale to energy companies with an annual production of around 1.3 million barrels of shale oil. Photographer: Peter Kollanyi/Bloomberg

Saudi Arabia and its OPEC allies' firm stand against cutting crude output to slow the plunge in oil prices has set the energy world on a painful course that will leave the weakest behind, from governments to U.S. wildcatters.

To read the entire article, go to http://bloom.bg/1HLw0Oa

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