News - Monthly Archives: January 2017
Energy Companies Going Bust
A recent Baker Hughes report stated that it expects continued investment and expanding exploration of oil and gas fields. While the overall industry is approximately 40% leaner than it was in 2014, it has recently expanded. According to the report, the increasing price of crude oil, notably that it recently topped $50 per barrel, leads the charge toward expanding oil and gas drilling and exploration. The continued and expanding investment will likely trigger an increase …