by Nick Hodge
Outsider Club
With the collapse in oil prices, oil companies are pulling out all the stops to staunch the bleeding.
And the pressures aren’t just coming from pricing, which has already led to several dozen bankruptcies, but they’re also coming from a renewed global push against climate change.
You see, the global energy market is in flux. And fortunes will be made and lost as a new energy order develops.
Coal fortunes, for example, have already been lost.
Oil will be fine. And in fact I suspect huge gains to be made from the sector once it rebounds.