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Crumbling Oil Industry Offers Challenges And Opportunities

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Two weeks ago, we used the term “crumbling” to describe what we saw happening in the oil business, but more importantly in the entire energy industry. The industry news since that time has only gotten worse as oil prices have once again fallen below $30 a barrel reinforcing fears about the prospect of oil reaching $20 a barrel before long.


The growing reality is that 2016 will not be the industry-recovery year that most industry executives assumed it would be as they were preparing their corporate budgets in late 2015.


http://oilpro.com/post/22622/crumbling-oil-industry-offers-challenges-and-opportunities?utm_source=DailyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2016-02-24&utm_content=Feature_1_txt


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