Thread regarding FMC Technologies Inc. layoffs

Oil Prices

What is causing the oil price to keep sliding down?

Does not look good for us all.

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Down 19% since Jan 1 ....

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It's predicted to drop below $40 by August of this year

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I think what he/she is getting at is what is causing the demands to change so drastically?

OPEC, US?

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Supply is high. Demand isn't as high.

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Makes it easier to sell

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It's supply and demand buddy. You must be one of those former home builders turned O&G "project managers" FMC is famous for. If you can't deal with price downturns stay out of oil and gas. The market is a bust and bom cycle. So when you are making money pay off and prepare for the bust. Don't buy your wife a Beemer, that won't help you in a downturn.

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