Listen to “Jay Young discussing the current oil prices and the state of the oil industry || 570 KLIF Dallas/Fort Worth || 5/12/20” on Spreaker.
Article Written By: Jay R. Young Houston-based Apache Corporation lost nearly 25 percent of its value Wednesday, as oil prices continue to decline amid the coronavirus scare and price war between Saudi Arabia and Russia. Other oil companies are also seeing double-digit losses in the stock market, stoking fears of possible layoffs throughout the industry. “The less money that comes in, the more money they need for basic operations,” says Jay Young, CEO and founder of Dallas-based King […]
Article Written By: Jay R. Young Sit tight and don’t panic. We’re going to be fine. We’ve been here before. I remember front yard signs in Midland, Texas after the 1973 Oil Embargo saying “God, Please give us higher oil prices one more time. We promise not to screw it up again”. The prices were barely in the double digits for oil however, money was plentiful. Since then, we’ve seen HUGE swings in the oil […]