Quantcast
Abandoned well of a different age: do falling oil prices signal the end of oil?

Falling Profits Augur the End of Oil

The profits of the big oil companies keep falling along with the price of a barrel of crude. In 2015, the profits of oil behemoths like Shell, Chevron, Exxon Mobil and BP tumbled. Together, these big four saw profits decline by an average of 65 percent last year. These falling margins have a cascade of impacts that are hastening the…

Read More→