A finance source I speak with contacted me this week with the news they were paying $250 a night for their room at a decent hotel chain there. This isn’t the usual sort of thing they text me about, I assure you. The reason they wrote was that a similar room had cost them about $800 six months ago – Ritz prices in a town with no Ritz. – washingtonpost.com
The capital markets remain problematic. Access to capital will crimp the oil industry. It feels like employment in the sector will be decently lower in the next 12 months.
Did we dodge a slowdown? – Before the attacks on the desert kingdom
The number of active oil and gas drilling rigs fell for the sixth straight week. the crude oil price drops continue to cause producers to pull rigs.