Cloutier also said the price of oil is based on market pressures that react to real-world events, which can change things quickly.It's a pleasant business these guys are in.
“We’re one Scud missile from it being $120 a barrel again,” he said, describing violent possibilities in the Middle East.
“If somebody over there — ISIS, Iran — puts a Scud missile in a tanker, or if they put a Scud missile in a well in Saudi Arabia, watch the price take off,” Cloutier said.
Monday, December 22, 2014
Let's keep our fingers crossed for that
As the price of oil continues to fall, unemployment in Louisiana has crept all the way up to 6.5% What these oil field services companies need now is stimulus plan. Here's what they imagine that might look like.