What does Exxon Mobil's $7 billion purchase of the Bass interest in the Permian Basin indicate about the state of the oil industry?
Radio Spot Broadcast via Texas State Networks on January 19, 2017

Exxon Mobil says it's purchasing the Bass interest in the Permian Basin for a whopping $7 billion. Dr. Perryman says this is a clear signal.

Oil
Column Published in syndication March 11, 2020

Since the coronavirus outbreak began, slack has developed in demand for crude oil. Disruptions and quarantines have caused economic growth in China and elsewhere to slow. With the huge Chinese economy expanding less, slower growth has rippled out, and areas with significant outbreaks have experienced even greater negative effects. The result has been falling demand for oil and natural gas, and therefore downward pressure on prices. Early in the year, prices were in the $63 per barrel range; they had fallen to less than $42 by March 6.