If oil prices do not change for the better we can expect the following to come to fruition.
MIDLAND, Tx. (KOSA) – Oil prices took their biggest dive in years today dropping 10% in a single day.
It’s a great time to fill up the car with gas prices slipping lower and lower, but maybe not the best week for oil workers.
The coronavirus isn’t just infecting thousands of people, the disease is also wearing down the oilfields.
CBS7 met with financial advisor Mickey Cargile who said this week’s oil price dive signals an even steeper drop in the demand for oil.
To offset those falling prices, Cargile said our rig count will likely drop in the coming months.