Big Oil’s business model is broken

Grist
By Michael T. KlareMar 14, 2015, 7:37 am67 pts
Many reasons have been provided for the dramatic plunge in the price of oil to about $60 per barrel (nearly half of what it was a year ago): slowing demand due to global economic stagnation; overproduction at shale fields in the United States; the decision of the Saudis and other Middle Eastern OPEC producers…

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