Since CPST Turbines has a strong economic relationships to oil and gas developers, and CPST's revenue reliance, in part, from oil and gas producers, it is important to follow the recent current developments in Russia and oil and gas developments worldwide.
From an article yesterday relating to oil glut and analysts predictions:
Some analysts believe the price slide could be a long-term trend as more of the world adopts technologies that use less petroleum, such as electric cars and more efficient heating systems. Another factor is the growing reliance on hydraulic fracturing of shale, known as fracking, which has sharply boosted energy production in the United States, Canada and other countries
Rather than being hurt by the decline in oil prices, CPST will continue prosper playing a significant role in both oil and gas, imo. As one energy source declines over time, the other with take its place as a priority far into the future.
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