CNN Early Start With John Berman and Christine Romans August 25, 2015 09:37:00
This will feed through to the u.s. economy. it is good news for consumers at the pump, but dislocation for oil producers for dakotas and oklahoma and texas and the giants like exxon mobile and chevron. they will struggle with this. it is almost a perfect storm. demand is falling from china and japan and the production is rising. u.s. shale producers, that count is going down, but production is not. saudi arabia is fighting for market share in the middle east along with russia. three giant producers and nobody is cutting production. at the same time demand is falling. expect prices to go lower ...
Source: archive.org