I had to laugh when I saw the headline on today's EIA report: "Sustained low oil prices could reduce exploration and production investment"
I guess it takes a multi-$Billion budget to come up with brilliant stuff like this.
Here is the full report: http://www.eia.gov/petroleum/weekly/
EIA actually starting to get it
EIA actually starting to get it
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group