JANUARY 22, 2009, 10:24 AM Consolidation in the oil and gas industries is just around the corner, according to Fadel Gheit, an oil analyst at Oppenheimer. Oil prices are down more than 70 percent from last summers record high. The longer oil prices stay weak, Mr. Gheit said in a note to investors Thursday, the [...]
Posts Tagged ‘TotalFinaElf’
Cashing in on the Oil Boom
Obviously, oil is in a raging bull market. That has taken it to just shy of $140 a barrel. The Saudi oil minister has basically admitted his country has little extra output to add.


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