A year of oil shocks, but the oil industry still has time to recover

A year ago, the world’s oil producers were in panic mode.

The global market was teetering on the brink of collapse and the oil price was falling like a house of cards.

As of mid-September, oil prices were hovering around $60 a barrel, the lowest level in nearly two years.

By the end of the year, the price had fallen to just $15.

Oil was now back where it started.

The global oil market is still in a state of upheaval, but there are some signs of recovery.

The price of crude oil has rebounded somewhat to $63.99 per barrel.

But that has come with a huge price tag for consumers.

Oil has gone from $50 a barrel in late 2015 to just under $30 today.

For those with deep pockets, this means more oil at less money.

For those with small ones, this is also a big deal.

A study by a financial services company recently estimated that as many as 2 million jobs could be lost as a result of lower oil prices.

This is not the only reason oil prices have fallen.

Some have blamed China’s economic slowdown, which has led to a massive devaluation of the yuan, which is now the world currency.

But the truth is that the economic downturn has had a lot to do with oil.

China is the world leader in oil production, and the country has been the primary driver of oil prices since at least 2005.

China has been pumping billions of barrels of oil a day for nearly two decades, and it has the capacity to increase its output at any time, even in times of global economic downturn.

Oil companies around the world have been pumping more oil than ever.

That has created a glut that is putting pressure on the prices of a number of products that have become staples of modern life, from refrigerators to televisions.

The US government recently announced it would pump a record $3.8 trillion into the global oil industry.

It’s the largest oil investment ever by the US government.

But there’s a catch.

The government has to be careful in what it’s spending money on.

The US has been dumping billions of dollars of its own currency reserves into the oil market.

The problem is that as more of those reserves become available, they’ll also become more expensive.

The Federal Reserve has repeatedly been saying that it can only pump so much oil into the market.

But oil producers around the globe have been trying to find ways to keep prices down.

They’ve also been making huge investments in new oil wells.

But what if the US were to just buy oil and sell it back to the US?

What if the world economy was going to collapse and everyone in the world would lose their jobs?

The oil industry was already in a precarious state before this year’s oil shock.

In the past, when prices were low, oil companies would just buy their oil from foreign markets and ship it to the U.S. to be refined into oil.

That way, oil producers could keep their jobs.

That was a big boon for the US economy, as it allowed companies like General Electric and GE to keep expanding their operations, but it was also a major drag on the US industry.

Now, with oil prices falling to $30 a barrel and with the price of oil still in the low $40s, there’s little incentive for companies to ship their oil to the United States anymore.

The only way to keep their business going is to sell it at a profit to foreign markets.

Companies that are willing to sell their oil at a loss to foreign buyers will find themselves with even less money to invest in the country that is currently their primary export market.

This year’s price drop in oil prices will have a major impact on the oil companies in the United Kingdom, Germany, and France.

In each of those countries, the prices are set to fall by an average of 15 to 20 cents a barrel by the end to early next year.

That means that the companies in those countries will have to start investing more in the production of their own oil.

As the price drops, those companies will have more to spend on production, which will also lead to higher prices.

The results of this shift will be huge for oil companies around Europe, as well as for other oil producing countries.

In fact, this could spell disaster for those nations that have been relying on oil for decades.

The reason oil companies are so desperate for cash is because of the oil shock they were experiencing during 2015.

The U.K. and other European countries were suffering from a massive glut of oil, which had the effect of lowering prices around the continent.

By 2019, the global price of U.N. oil had dropped to less than $5 a barrel.

This caused a huge surge in prices for Europe and the U and S states of the United Sates.

The effect was even more dramatic in the Middle East.

In Syria, for example, the U S. had already