Falling oil prices – Australian Financial Review
Many Australian resource companies are concerned about the financial pain of a 50% decline of oil prices to levels more common 5-10 years ago. Rural communities have been suffering over a decade with beef prices which have remained static or below for 2002 price levels. Surely these must be prioritised ahead of the resources company for government support?
Reference: The Australian Financial Review, Price crash may see BHP pull rigs, 8th January 2015