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

To: Goose94 who wrote (19251)	6/17/2016 4:52:18 PM
From: Goose94	Respond to of 202704

Oil bust turns into trillion dollar retrenchment. According to energy researchers from Wood Mackenzie, a whopping $1 trillion will have been cut from total investment in oil and gas development through the end of this decade. Although nearly every oil producing country has adjusted capital investment downward, the biggest capex cuts this year and in 2017 ($125+ billion) will be made made in the U.S. oil patch. The Canadian and Russian oil sector are expected to cut between $25 and $40 billion. The effects of expiring hedges, lower revenues and ongoing oil price uncertainty continue to weigh on capex budgets