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Message
re: Shell Prepares for 'Prolonged Downturn' In Oil Prices
Posted on 7/30/15 at 8:34 pm to LSUFanHouston
Posted on 7/30/15 at 8:34 pm to LSUFanHouston
quote:
Corporation are not going to settle for making less net earnings.
It's future earnings they're worried about. Most layoffs are from upstream operations. If it costs $60 to produce a barrel of oil that project isn't going forward.
Oil sector is familiar with boom and bust cycles. Give it 10 years.
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