Energy Companies Are Headed for Disaster
November 18, 2015 at 11:42 AM EST
By now, investors are well-aware of the carnage sweeping through the energy sector. In the United States, West Texas Intermediate crude oil is down to about $40 per barrel. At its peak level last year, oil was trading above $100 per barrel. Due to falling commodity prices, oil and gas companies are suffering huge declines in revenue and earnings.