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Is it Doomsday for the Oil & Gas Industry?

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Daniel Yergin, a leading energy scholar and expert, thinks that a day of reckoning is coming to the energy sector as the oil market experiences a real supply glut.


Oil booms have flooded the market before like Texas, Russian, and the Middle East in the 1950s, and Mexico in the 1980s, eventually resulting in an oil bust. This time, it is shale oil operations from Texas and North Dakota behind the supply growth and are now dealing with overproduction and high debt levels.


http://houstonenergyinsider.com/?p=4900


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