SCHLUMBERGER: The oil industry will continue to deteriorate
I found this article very interesting because the price of gas is increasing at the pumps so i would of thought that this meant that the price of oil was increasing to but that is not the what this article is talking about. i also read that the low oil prices are also affecting other companies negatively, for example CAT came out and said that there sales are below average this year and they say it has to do with the oil company's not buying new equipment.
Zach, this is a really great choice of article as this information is extremely interesting and somewhat contradicting at the same time. With that being said, when looking closely at our current oil situation, these contradicting aspects make sense. I also find it extremely interesting that with the price of gas increasing at the pumps and the price of oil apparently not doing exactly the same, companies like CAT that are heavily involved in different areas of the oil industry, suffer economically/financially.
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