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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15538)	1/15/2016 3:01:40 PM
From: Goose94	Read Replies (1) \| Respond to of 203630

The ongoing crash in oil markets led to Wood Mackenzie’s much-publicized figure that $380 billion worth of oil projects have been cancelled since 2014. The totality of cancellations will result in nearly 3 million barrels of oil production that will not come online over the next decade. The markets have yet to grasp the ramifications of such massive cut backs, but the world could find itself dearly short of supply in the coming years given the dramatic pullback in exploration. For now, everyone is focused on the near-term. russia-insider.com