By: Jim Nelson of Street Authority
The energy market is officially broken.
That's according to the International Energy Agency (IEA).
On November 10, the group announced that oil prices will remain low for a long time.
Next year, the agency is forecasting a barrel of crude will go for just $60... and only $80 by 2020.
For hundreds of U.S. companies caught up in the shale oil boom over the last decade, that's disastrous news. At $60 a barrel, many oil companies will not generate enough revenue to break even. [Read more...]
Article source: http://www.streetauthority.com/node/30621371