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Hi Candice Case Study
Hi Candice, You make a very good point that is vicious cycle and many in the oil industry are suffering due to cut back. I remember when I was living in Houston and during the high oil price the companies were treating there employee very well. My co-worker son out of college was hired on $80,000 as a petroleum engineer and was handed $10,000 bonus checks quarterly. Eventually the supply cuts will be meet true demand and oil prices will stabilize. I don’t believe the prices of oil will reach $100 per barrel anytime soon because of U.S shale production and addition of Iranian
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