Global oil glut drives down price

Global Oil Glut Drives Down Price

Roseland O&G

The oil industry in the United States once again faces dramatic declines in crude oil prices at the hands of foreign countries seeking to bankrupt high-cost producers to regain global market share. Domestic crude oil prices have temporarily leveled around $22 per barrel, which is about half of where it…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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