By our estimates, oil prices averaged 38% higher in the second quarter compared to the weak first quarter. This should help drive strong results in the important E&P segment.
The current economic crisis is the most serious since the Great Depression.
Has anyone taken a look at the airline industry lately to see if their business plans are viable?
While the government-produced GDP numbers continue to show a growing economy (latest numbers were even revised upward), it certainly feels like we are in a recession.