CNN Early Start With John Berman and Christine Romans April 8, 2015 09:40:00
That's the top story this morning in money. shell buying bg group, a british firm with prized oil fields off the coast of brazil. it's a $70 billion deal. if completed, it would add 25% to shell's oil and gas reserves and 20% to production. energy prices of course have cratered from over $100 a barrel last summer to about $50 a barrel now. and that puts producers in a crunch. bigger firms use this they swoop in maybe to take over. shell just the latest to add to its expansive portfolio. and rock-bottom oil prices also mean layoffs in the oil patch. since june there have been more than 50,000 o...
Source: archive.org