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Wall Street's Energy Analysts Say It's Too Early To Panic

From businessinsider.com

Is the recent crude oil selloff a sign of a coming crisis in the US energy industry? A new Citi credit research note on “The coming energy recession” suggests the possibility is there. That said, the headline is stronger than Citi credit analyst Jason Shoulp’s more nuanced position in the text, which is only slightly bearish. He suggests the probability of the price of WTI crude could fall lower than $75 in 2015 is growing due to a jump in US supply and a decline in global demand. He predicts smaller revenues in 2015, writing “...there seems to be a strong possibility that the energy industry might see top line ... (full story)

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