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.
Source: http://www.theweek.co.uk/oil-price/60838/oil-price-dont-get-excited-its-just-a-technical-correction

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.

7175 = 7171 = 7179

About the Author

Ver Pangonilo

A Filipino Engineer, Registered Professional Engineer of Queensland (RPEQ) – Australia and Professional Electrical Engineer (PEE) – Philippines with extensive experience in concept select, front-end engineering, HV & LV detail design, construction and commissioning of Hazardous and Non-Hazardous Area electrical installations in water and waste water pipeline and pumping facilities, offshore platforms, hydrocarbon process plants and pipelines including related facilities. Hazardous area classification and design certification (UEENEEM015B, UEENEEM016B, UEENEEM017B).

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