Current Oil Price Not So Bad for a few!!

Current Oil prices not so bad for a few! Also once the Middle East loses market share it's hard to regain it (they learned that lesson previously when they raised price). Another interesting point is in USA, Shale oil, methane etc., once tapped can be started and stopped as prices change meaning lowish prices could be here to stay until those reserves are used. The Middle East are successfully preventing new exploration though, and crippling their competitors! If you aren't running on borrowed money and didn't pay too much for your assets you can sit and hold. In recent times this doesn't sound like a lot of companies!

Global Supply Line - With $50 million inventory, we are the world's largest valve and actuator stock range.  Australian Pipeline Valve - short lead time, high quality oil and gas valve manufacturer. Specialising in short runs and supplying high specification valves.
Subscribe to the Global Supply Line/ Australian Pipeline Valve newsletter here...