Have We Hit the Bottom of the (Oil) Barrel?

by
January 21, 2016

The Dow Jones Industrial Average, which had lost more than 550 points during midday trading, staged a late rally that trimmed its losses by more than half as oil prices sank to a 13-year low.

The Dow ultimately fell 249 points, or 1.56 percent.

Energy companies were pummeled as the latest fall in the price of oil threatened more damage to an industry that has already been stricken with bankruptcies, layoffs and other cutbacks.

  • Jerry

    True, but as the oil business falls it will bring rise to bigger and better things that will pollute less. It is time we get rid of the old ways such as the oil industry and the electric grid. New system will be born out of this which will bring individual power to home and commercial buildings eliminating the dangers of an enemy bringing us to our knees

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