Thursday, February 19, 2015

Glut

“The big take-away: “[T]he decline in oil has been driven by an oversupplied global oil market,” wrote Goldman economist Sven Jari Stehn. As a result, “the new equilibrium price of oil will likely be much lower than over the past decade.” ”


Goldman: Here’s Why Oil Crashed—and Why Lower Prices Are Here to Stay


No comments: