[All] Oil Prices falling: Projected to hit $35/US barrel

[water.lulu at yahoo.ca]

Big news on oil. 
Prices fell today under $40/US barrel and experts predict it will go as low as $35/Barrel US. 
http://www.cnbc.com/2016/08/01/oil-price-dip-below-40-a-barrel-opens-door-to-35-crude.html
Look at the losses this quarter: 
Cheveron lost 2,46 Billion http://www.economiccalendar.com/2016/08/01/chevron-cvx-posted-third-straight-loss-more-challenges-ahead/
Enbridge dropped almost 50% http://www.bnn.ca/enbridge-profit-plunges-nearly-50-hit-by-fort-mcmurray-wildfire-1.534873
Imperial Oil lost $181 million http://www.cbc.ca/news/canada/calgary/imperial-oil-alberta-wildfires-q2-2016-loss-1.3700407
Exxon dropped 59%http://money.cnn.com/2016/07/29/investing/exxon-earnings-oil-crash/index.html
Shell dropped 72% http://www.thisismoney.co.uk/money/markets/article-3712300/Shell-shares-slide-oil-giant-s-profits-tumble-72-industry-struggles-combat-record-low-energy-prices.html
Analyst at Oppenheimer & Co, told Bloomberg TV. "The industry cannot survive on current oil prices."http://www.business-standard.com/article/international/nowhere-to-hide-from-doomsday-market-oil-giants-find-116073000861_1.html
Lulu 
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