Thread regarding Schlumberger Ltd. layoffs

Barrels are heading to $10

Price is headed into the teens or lower towards the end of this decade and beyond for a couple of reasons. America AND the world ate quickly moving towards alternative energy and the industry support. This technology is already in place, well into development, and its accelerating. Also there is no petro shortage. There will be intermediate price increases even due to war but these are temporary with the long term trend permanently down. Our oil service industry is old hat and corporate America is now at the dawn of a new energy industrial era.

Companies will either evolve or become extinct.

by
| 1331 views | | 2 replies (last March 25, 2016) | Reply
Post ID: @OP+GyvOO1T

2 replies (most recent on top)

It's really gonna happen!!! ...................If onlywe just believe!

https://www.youtube.com/watch?v=JVTLIz_6UWE

by
| | Reply
Post ID: @2hfy+GyvOO1T

Don't be a merde. Why would we invest in alternate energy when oil is crapping itself at $40 and not forecast to get past $60 for another 4 years. Cheap oil is a POA for the alternates

by
| | Reply
Post ID: @fgc+GyvOO1T

Post a reply

: