by Justin Spittler
Is it safe to buy oil stocks yet?
If you’ve been reading the Dispatch, you know the price of oil has plunged more than 70% since June 2014. Thanks to a massive surge in production, oil hit its lowest price since 2003 earlier this year.
New extraction methods like fracking made the production surge possible. Last year, global oil production hit an all-time high. Since then, companies have been pumping far more oil than the world consumes.