Low Oil Prices Will Likely Last for Several More Quarters

Low oil prices will last for several more quarters and there will be massive changes in the oil patch that will accompany this very slow recovery.
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Low oil prices will last for several more quarters and there will be massive changes in the oil patch that will accompany this very slow recovery. Understanding the reasons for the collapse in oil are critical for positioning oneself correctly inside the oil and gas sector and taking advantage of the next boom in prices, according to TheStreet's energy contributor, Dan Dicker. Dicker makes a case for the limited resource that shale oil represents and the issues that have been highlighted by the recent collapse in oil prices.