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Investors in US drillers feel pain as oil price falls
Investment funds, retirement accounts and bank balance sheets see losses as market loses US$393b since June
Published Sun, Feb 1, 2015 · 09:50 PM
New York
INVESTORS have a message for suffering US oil drillers: We feel your pain.
They've pumped more than US$1.4 trillion into the oil and gas industry the past five years as oil prices averaged more than US$91 a barrel. The cash infusion helped push US crude production to the highest in more than 30 years, according to data compiled by Bloomberg.
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