Shell Oil President John Hofmeister Said ” Oil Prices are Getting Scary”
Oil prices are falling ,Now prices are 44-45$/ Barrel in USA. its going in dangerous position. Shell Oil President very Clearly said in During Interview on FOX BUSINESS , that if price will go more down until 40$ per barrel . Than we will stop drilling because companies can’t afford it.
Best Price According to Shell Oil President is 50$ to 60 $/barrel.Its Global sign of Warning for Economy .
Falling oil prices have dented the shares of Exxon Mobil and Chevron, both of which have lost between 16 and 18 percent this year.