Oil Prices Lower Forever? Hard Times In A Failing Global Economy
Art Berman, Energy Specialist & Keynote Speaker
Two years into the global oil-price collapse, it seems unlikely that prices will return to sustained levels above $70 per barrel any time soon or perhaps, ever. That is because the global economy is exhausted.
The current oil-price rally is over as I predicted several months ago and prices are heading toward $40 per barrel.
GEOLOGICAL ROAD LOGUVALDE -- EAGLE PASS – ANACACHO MOUNTAINS, SOUTHWEST TEXASPrepared for the Spring, 2016 field trip by Thomas E. Ewing, Frontera Exploration ConsultantsThe April 2016 field trip was led by Tom Fett and Tom Ewing to examine the Upper Cretaceous sandstones and related rocks exposed in the Eagle Pass area. The trip originated in Castroville and traveled west, stopping at Black Waterhole to view a Cretaceous tuff ring and lava lake (as described in the 2004 guidebook).