It’s A “Full-Scale Cash Crisis” In Oil Schlumberger CEO Admits

Friday, April 22, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/22/2016

“The decline in global activity and the rate of activity disruption reached unprecedented levels as the industry displayed clear signs of operating in a full-scale cash crisis. This environment is expected to continue deteriorating over the coming quarter given the magnitude and erratic nature of the disruptions in activity.”

The Rest…HERE

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