Prices Drop, Companies Merge, UN Seeks End of Fossil Fuels

Prices Drop, Companies Merge, UN Seeks End of Fossil Fuels

by Alex Mills

Petroleum prices decline. Record oil and natural gas production in Texas and across the U.S. have created an oversupply, causing prices to drop. West Texas Intermediate (WTI) crude oil prices traded on the New York Mercantile Exchange slipped below $70 on Wednesday, and natural gas prices dropped to $2.55 per…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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