The oil markets will be gaining ground again in the second half of 2015 and production will increase, not fall. Here's an excellent CNBC interview segment with a former Shell Oil exec John Hofmeister. I saw this yesterday and found the clip today.
Fmr. Shell president bullish on oil prices March 24, 2015
Former president of Shell oil, John Hofmeister of Citizens for Affordable Energy, discusses an outlook on oil production and explains his predictions on oil for the end of Q4.
dccc still finds themselves in a good position relative to the sector they occupy. drillers will inevitably need the services of ddcc as things adjust going forward.
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