Bank of America: US shale industry to suffer if oil prices decline to $50 per barrel

At least 15% of US shale producers are losing money at current prices, and more than half will be under water if US crude falls below $55, says BoA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wBmZoj December 11, 2014 at 02:08PM http://ift.tt/eA8V8J