March 2015, Vol. 242, No. 3

Features

Latest Price Shock Offers Some Midstream Bright Spots

The price of oil may have fallen to its lowest level in six years, but this “price shock” is different than the 2008-’09 variety, according to analysts at Pace Global. “The current low-price situation is likely to persist for several years unless geopolitical events shift the market psychology from one of surplus to one of shortage,” Jim Diemer, vice president and head Pace Global-Siemens’ Energy Consulting Company, told PG&J. Diemer said the industry should not underestimate the importance of geopolitical influences on the world market. These include the collapse of the OPEC cartel and Saudi Arabia’s ability to keep “the vice clamped d

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