We Are Witnessing A Fundamental Change In The Oil Sector

Thursday, April 30, 2015
By Paul Martin

by Arthur Berman via OilPrice.com
ZeroHedge.com
04/30/2015

The world oil market is undergoing a fundamental structural change in response to expensive oil. Producers are trying to survive by limiting expenditures. While analysts have been focused on rig counts, deferred completions have emerged as the initial path to lower U.S. oil production. This unanticipated outcome suggests that others may follow. While everyone is waiting for higher oil prices and for things to return to normal, what we may be witnessing is the end of normal.

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