Halliburton Sees Oil Price Spike By 2020

OilPrice.com ------- U.S. construction and fracking major Halliburton believes the oil market crash that has lasted three years will cause oil prices to spike by the year 2020, according to World Oil. The oil industry has lost $2 trillion in investments due to chronically low prices, said Mark Richard senior Vice President for global business development at the World Petroleum Conference in Istanbul on Wednesday. “Sooner or later, the market is going to catch up," Richard said. "You’ll see some kind of spike in the price of oil. Maybe somewhere around 2020-2021, but it’s got to catch up sooner or later." To learn more click on the picture below to read the article.