Lower Oil Prices Make Necessity A Mother, Again

#Energy Necessity is the mother of invention. In the case of the oil industry, necessity has appeared in the form of plunging oil prices. Lower prices mean lower profits or in some cases, no profits. Like most of us, the oil & gas industry is not altruistic. The costs of exploration & development are tremendous and those costs can become prohibitive the lower the price of a barrel of oil falls.http://ift.tt/1zquAYf http://bit.ly/15KdByZ