Slugcatcher on oil's growing cash crisis

FALLING prices, rising costs, and the slow march of competition from renewables is driving the world’s oil and gas industry into a cash crisis which Slugcatcher reckons could trigger a fresh wave of consolidation at the top and bottom ends of the business.

Slugcatcher on oil's growing cash crisis Slugcatcher on oil's growing cash crisis Slugcatcher on oil's growing cash crisis Slugcatcher on oil's growing cash crisis Slugcatcher on oil's growing cash crisis

A bad quarter for the majors leading to longer term questions 

The problem is most acute in the US shale sector where a decade of investing more than is being earned has triggered the start of an investor rebellion with demands for a better performance by small