Survival of the Fittest

Oil and Gas prices continues to tumble. Some predictions say that it may go as low as $20.

So how low will oil go? Paul Stevens, professor emeritus at the University of Dundee and a Middle East specialist, predicted in a BBC interview that shale production would not slow down meaningfully until prices fall below $25 a barrel – and perhaps even as low as $20. This echoes the forecasts of analysts including Goldman Sachs late last year.

With no guarantee that oil prices will go up in a few years, only the fittest will survive. Only the resilient will be able to last the test of time.