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Big Oil Could Be In Big Trouble

Screen Shot 2014-02-18 at 18.34.00By John Donovan

A number of current articles warn of falling oil prices. A zacks.com article says that oil prices have fallen below $100 to the lowest level this year and that natural gas has fared even worse. Nas.daq.com reports that the price of oil has plummeted, and that the fall is accelerating. It also points out that big oil has taken on $106 billion in new debt. A related article warns of $96 Billion of High-Risk Oil Megaprojects. The Russia/Ukraine crisis is partly responsible for the uncertainly and anxiety.

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